The July minutes were approved with no changes. Lloyd’s provided an update, including points relating to the 2026 YoA LCR submission. There was discussion around model change policy, with concerns were raised about operational burden from triggering thresholds within policies. The Q3 2025 QMA return will continue to include Ukraine/Russia loss reporting, and Lloyd’s reserving oversight letters are being issued to selected chief actuaries, who have been notified already. Updated guidance for new syndicate entrants is pending PRA feedback. The DyGIST exercise is now scheduled for Spring 2026, with a cross-functional LMA working group to be formed. Based on discussion with IFoA, September IFoA exams saw improved logistics, though CALM indicated technical and invigilation issues remain; a market survey is planned. Solvency UK reporting challenges were discussed, particularly the need for coordination between finance and actuarial teams; further clarity from Lloyd’s will be sought.