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Application provision

1.1 Unless otherwise stated, this Part applies to:

1.1

07/03/2016

Unless otherwise stated, this Part applies to:

  1. (1) a large non-directive insurer; and
  2. (2) a Swiss general insurer.

1.2

02/05/2017

In this Part, the following definitions shall apply:

continued approval

has the meaning given in Large Non-Solvency II Firms – Senior Insurance Managers Regime – Transitional Provisions.

disciplinary action

in relation to a person, means any of the following:

(1) the issuing of a formal written warning;

(2) the suspension or dismissal of the person; or

(3) the reduction or recovery of any of the person’s remuneration.

individual conduct requirements

means: 

(1) the Individual Conduct Rules and Senior Manager Conduct Rules in Conduct Rules 2 and 3;

(2) the Individual Conduct Standards and Senior Insurance Manager Conduct Standards in Insurance – Conduct Standards 3;

(3) the Individual Conduct Standards and Senior Insurance Manager Conduct Standards in Large Non-Solvency II Firms - Conduct Standards 3;

(4) FIT and APER in the PRA Handbook;

(5) COCON in the FCA Handbook; and 

(6) APER in the FCA Handbook.

regulatory reference template

means the template found in 6.1.