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Lloyd’s rule change bans ‘under the influence’ passholders

10th April 2019 - Author: Charlie Wood

The Lloyd’s of London marketplace has published a bulletin introducing an updated set of rules applicable to passholders accessing the building.

Lloyd's

(Reuters)

Most notably, the bulletin states that a passholder must not enter (or attempt to enter) the premises during working hours under the influence of alcohol or any illegal drug.

If a passholder does so, they will be liable to have their Lloyd’s pass confiscated by security staff for return to the Chairman or Chief Executive Officer of their firm.

The new measures follow recent, high-profile criticisms of the marketplace after reports emerged of alleged workplace sexual harassment.

Lloyd’s said it would undertake a market-wide culture survey to identify the scale of the issue and provide training focused on prevention, as well as supporting those who have been subjected to inappropriate behaviour.

Additionally, it confirmed that individuals found to be at fault would be subject to sanctions from their own companies and also from Lloyd’s, and may be banned from entering Lloyd’s for a fixed period and potentially for life.

This plan was developed in collaboration with and endorsed by Lloyd’s Board and Council, and by the associations representing the Lloyd’s market – Lloyd’s Market Association (LMA) and the London & International Insurance Brokers Association (LIIBA).

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