The LMA Capital Provider Data Requirements establish a standardised set of information that can be provided to members’ agents and third-party capital providers. They have been designed to address the loss of consistency and comparability that followed the replacement of elements of the QMA process with tagged financial statements. 

These requirements are only relevant for managing agents that manage syndicates supported by third-party capital. They are not intended to introduce new reporting obligations and are based on data that is already generated for Lloyd’s reporting, regulatory purposes or internal management. To add further flexibility, transitional options have been incorporated to accommodate differing reporting capabilities and processes across managing agents.  

Benefits for managing agents 

For managing agents, the framework provides a clear market standard that removes the need to respond to multiple bespoke information requests from different members’ agents. It enables firms to support third-party capital providers without having to continue producing the previous QMA pack and enables firms to complete process redesign to realise the full benefits of the tagged financial statement production. 

Benefits for members’ agents 

For members’ agents and capital providers, the framework restores access to key information that has become less consistent since the reporting changes. It also provides data specifically designed around investor requirements, reducing reliance on proxy measures or differing interpretations of available financial information. 

Adoption 

Adoption is expected to commence for Q4 2026 or no later than Q1 2027. Although no formal timetable is being stipulated, managing agents should liaise with members’ agents to explain how and when the information will be supplied and the transitional options that will be used. The duration of the transition period has not been prescribed and will be kept under review alongside future developments in Lloyd’s reporting requirements. 

The LMA will monitor adoption and effectiveness through ongoing engagement with both managing agents and members’ agents. Feedback on the information being requested and received will be used to refine the requirements over time and to ensure that they remain aligned with the evolving needs of the Lloyd’s market and its capital providers.

Capital Provider Data Requirements

Guidance on the framework, scope and reporting requirements.

For more information about the Capital Provider Data Requirements, please contact Paul Davenport, Finance and Risk Director at the LMA.