Prudential Regulation Authority Rulebook

6.1

The requirement to obtain regulatory references in accordance with 2.7 does not apply to a firm in respect of any person to the extent that:

1. (a) the firm is deciding whether the person is fit and proper for the purpose of issuing a certificate;
2. (b) the person will be performing a certification function from 7 March 2016; and
3. (c) immediately prior to 7 March 2016, the person performed the same function for the firm.

6.2

The requirement to obtain regulatory references in accordance with 2.7 does not apply to a firm in respect of any person who has continued approval.

6.3

The requirements of 2.3, 2.7, 2.8 and 4.2 do not apply to a director who, in relation to the firm:

1. (a) on 7 March 2016 is a notified non-executive director or credit union non-executive director; and
2. (b) immediately prior 7 March 2016, was approved as a non-executive director or credit union non-executive director.

6.4

A CRR firm must notify the PRA before 7 March 2016 of any director who, in relation to the firm, will be a notified non-executive director on 7 March 2016 and who immediately prior to 7 March 2016 was approved as a non-executive director.