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Application provision

8.1 This Chapter applies only before the commencement date.

8.1

19/08/2015

This Chapter applies only before the commencement date.

8.2

01/10/2015

Where an approved person or a candidate is intended to perform a senior insurance management function with effect from the commencement date but:

  1. (1) in the case of an approved person, is not prior to the commencement date approved; or
  2. (2) in the case of a candidate, is not to be approved

to perform a controlled function that is equivalent to the proposed senior insurance management function in accordance with 6, the PRA directs that the firm must not submit a grandfathering notification in respect of that approved person or candidate (as the case may be) but must instead submit a senior insurance management approval application for the proposed senior insurance management function in accordance with Key Function Holder – Notifications 6.4.