LMA has published a market bulletin on Solvency 2 Pillar 3 to remind managing agents of their reporting requirements. It advises that in order to meet the reporting requirements, managing agents must be able to collect specific data from their coverholders and third party administrators. It also notes that there is no further requirement for those who have already instructed their coverholders and third party administrators to adopt the Lloyd’s Coverholder Reporting Standards. (Source: LMA Reminds Agents of Pillar 3 Requirements)