Prudential Regulation Authority Rulebook

2.1

A firm must take reasonable care to ensure that none of its employees performs a certification function under an arrangement entered into by the firm in relation to the carrying on by the firm of a regulated activity, unless the employee has a valid certificate issued by the firm.

2.2

For the purposes of this Part, any function that is performed by a significant risk taker for a firm is a certification function to the extent that the function requires the significant risk taker to be involved in one or more aspects of the firm’s affairs, so far as relating to a regulated activity carried on by the firm.

2.3

However, a significant risk taker does not perform a certification function for a firm under 2.2 if the significant risk taker is performing any controlled function for that firm.

2.4

To the extent that:

1. (1) a firm appoints a person to perform a function which, but for this rule, would be a certification function;
2. (2) the appointment solely is to provide cover for a certification employee whose absence is reasonably unforeseen; and
3. (3) the appointment is for less than four weeks;

such a person does not perform a certification function.