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);
5. (5) a UK ISPV; and
6. (6) a third country insurance services provider.

1.1A

Any reference in this Part to assessing or deciding whether a person is a fit and proper person, shall, in relation to a SRO firm, be construed as a reference to assessing or deciding whether the person is fit and proper to perform the function of overseeing an orderly run-off of the firm’s regulated activities in the UK.

1.2

In this Part, the following definitions shall apply:

continued approval

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

regulatory reference template

means the template found in 7.1.