A culture of transparency and regulatory and financial crime compliance is embedded across managed businesses. Baseline: openness and cooperation with Lloyd's and regulators while recognising that Lloyd's leads relationships with international regulators on licensing, conduct, data, funding and reporting; notification to Lloyd's of significant or non-routine engagement with UK regulators and of issues that may generate complaints, regulatory or press attention, misuse of Lloyd's name or brand or undermine confidence in the market; prompt sharing; timely responses supporting Lloyd's regulator relationships and data requests; senior commitment to a compliance culture and proactive management of financial crime risk. Single-level guidance.
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