The means whereby the Council of Lloyd’s under s.6 of Lloyd’s Act 1982 lays down the rules of the Lloyd’s community. The term extends to any direction, regulation or other instrument (including any regulation ratified by the Council by special resolution) and any associated condition or requirement. Lloyd’s is expected to give the FSA adequate notice of all proposed byelaw changes affecting supervision and regulation of the Lloyd’s market. The FSA also requires copies of regulatory and market bulletins and all byelaw amendments as soon as they are published. See LLOYD’S MARKET CONDUCT.