Prudential Regulation Authority Rulebook

1.1

Unless otherwise stated, this Part applies to:

1. (1) a UK Solvency II firm;
2. (2) in accordance with Insurance General Application 3, the Society, as modified by 4;
3. (3) in accordance with Insurance General Application 3, managing agents, as modified by 4;
4. (4) a third country branch undertaking (other than a Swiss general insurer);
5. (5) a UK ISPV; and
6. (6) in relation to any of the foregoing firms, any person who is:
1. (a) a Conduct Rules non-executive director;
2. (b) an employee of a firm who is a key function holder;
3. (c) a certification employee (other than a key function holder);
4. (d) approved under section 59 of FSMA by either:
1. (i) the PRA; or
2. (ii) the FCA, in relation to a relevant senior management function;
5. (e) an employee who should have been approved under section 59 of FSMA by either:
1. (i) the PRA; or
2. (ii) the FCA, in relation to a relevant senior management function; or
6. (f) an employee who is performing a function that would have been a controlled function but for Insurance - Senior Management Functions 2.4.

1.2

In this Part the following definition shall apply:

employee

has the meaning given in Insurance – Certification 1.3.