Prudential Regulation Authority Rulebook

1.1

Unless otherwise stated, this Part applies to:

(1) a large non-directive insurer; and

(2) a Swiss general insurer.

1.2

In this Part, the following definitions shall apply:

Chair of the Governing Body function

has the meaning given in 4.1.

Chair of Audit Committee function

has the meaning given in 4.3.

Chair of Remuneration Committee function

has the meaning given in 4.4.

Chair of Risk Committee function

has the meaning given in 4.2.

Chief Actuary function

has the meaning given in 7.1.

Chief Executive function

has the meaning given in 3.1.

Chief Finance function

has the meaning given in 3.2.

Chief Operations function

has the meaning given in 3.7.

Chief Risk function

has the meaning given in 3.3.

Chief Underwriting Officer function

has the meaning given in 9.2.

Group Entity Senior Manager function

has the meaning given in 5.1.

group executive

has the meaning given in 10.4.

Head of Internal Audit function

has the meaning given in 3.4.

Head of Key Business Area function

has the meaning given in 3.5.

Head of Third Country Branch function

has the meaning given in 6.2.

Senior Independent Director function

has the meaning given in 4.5.

With-Profits Actuary function

has the meaning given in 8.2.