Capacity Transfer Panel (CTP)

The part of Lloyd’s created by the Franchise Board that administers the capacity transfer market. It is concerned with capacity auctions and, in particular, mandatory offers and minority buyouts. CTP has three independent members – a nominated member of the Council as chairman, a lawyer and a financial expert. They also have a Lloyd’s Members’ Association nominee and one nominee from the third party capital providers; both can be changed on a case-by-case basis.

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