Inquiries
1. A person conducting an inquiry shall not require any Lloyd's broker or any partner, director, officer or employee of a Lloyd's broker to comply with any requirements made under [Consolidated Requirements Part 2 > General Operational Matters > Enforcement > Inquiries] unless -
(a) the Lloyd's broker's name was entered in the register of Lloyd's brokers prior to 3 July 2000; and
(b) the matter being inquired into occurred prior to 3 July 2000;
provided that nothing in this paragraph shall be construed as prohibiting a person or persons conducting an inquiry from requiring a Lloyd's broker or partner, director, officer or employee of a Lloyd's broker from complying with any requirements made under [Consolidated Requirements Part 2 > General Operational Matters > Enforcement > Inquiries] in a capacity other than as a Lloyd's broker, or as a partner, director, officer or employee of a Lloyd's broker.
Sanctions
2. Where a finding of misconduct is made against a Lloyd’s broker in respect of an act or omission which took place on or after 3 July 2000 the only sanction that the Enforcement Board or an Enforcement Tribunal may impose on the Lloyd’s broker concerned is the revocation of its registration as a Lloyd’s broker.
Administrative Fines
3. The power of the Council to impose administrative fines in accordance with [Consolidated Requirements Part 2 > General Operational Matters > Enforcement > Administrative Fines] shall not apply to Lloyd’s Brokers or any person in respect of their actions or omissions when acting in their capacity as a partner, director, officer or employee of a Lloyd’s Broker.