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 5;
3. (3) in accordance with Insurance General Application 3, managing agents, as modified by 5;
4. (4) a third country branch undertaking (other than a Swiss general insurer); and
5. (5) a UK ISPV.

1.2

In this Part, the following definitions shall apply:

continued approval

has the meaning given in Senior Insurance Managers Regime – Transitional Provisions.

disciplinary action

in relation to a person, means any of the following:

1. (1) the issuing of a formal written warning;
2. (2) the suspension or dismissal of the person; or
3. (3) the reduction or recovery of any of the person’s remuneration.

individual conduct requirements

means:

1. (1) the Individual Conduct Rules and Senior Manager Conduct Rules in Conduct Rules 2 and 3;
2. (2) the Individual Conduct Standards and Senior Insurance Manager Conduct Standards in Insurance – Conduct Standards 3;
3. (3) the Individual Conduct Standards and Senior Insurance Manager Conduct Standards in Large Non-Solvency II Firms - Conduct Standards 3;
4. (4) COCON, FIT and APER in the PRA Handbook;
5. (5) COCON in the FCA Handbook; and
6. (6) APER in the FCA Handbook.

regulatory reference template

means the template found in 7.1.