The Committee reviewed actions, including updates on member services charging principles and recent Lloyd’s/HMRC engagement. Progress was noted on expanding Committee membership to include managing agents directly managing third party capital, supporting closer alignment with LMA governance. Members discussed key messages being presented to Lloyd’s Council, welcoming improved transparency while highlighting ongoing regulatory duplication and the need for clarity on Lloyd’s dual role. The Committee considered Lloyd’s consultation on proposed changes to byelaw structuring, supporting simplification and agreeing an LMA response. Updates on member services activity were noted, alongside practical investment-related issues to be progressed outside the meeting.