Watching brief remains on the results of Artefact 6b of the Exit Plan, independent external penetration test of DPS.

Lloyd’s presented some draft proposals for security metrics that they want to roll-out to all Advanced managing agents from 2026. A small working group will be convened to review and refine the metrics before they are formally adopted.

LMA Benchmarking exercise was well received and well supported by 38 firms. It was agreed that the report could be enhanced by indicating what percentage of market premium was represented by the participants.

Velonetic Federated SSO change-request has not made traction and the Committee would like to escalate this to LMA OC, particularly in the light of the new BP2 timescales.