Prudential Regulation Authority Rulebook

4.1

A firm must ensure that any application it makes for the approval of a person to perform a PRA senior management function provides the PRA with:

1. (1) all the information needed to assess whether such person is fit and proper; and
2. (2) its record of the significant responsibilities allocated to that person.

4.2

If a firm becomes aware of information which would reasonably be expected to be material to the assessment of a current or former PRA senior management function holder’s fitness and propriety under this Part, it must inform the PRA as soon as practicable.

4.3

If a firm becomes aware of a significant change to a PRA senior management function holder’s responsibilities, it must inform the PRA as soon as practicable.

4.4

Where a firm replaces a PRA senior management function holder because the firm considers that that person no longer fulfils the requirements in 2.2, the firm must notify the PRA as soon as reasonably practicable.