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Application provision

1.1 Unless otherwise stated, this Part applies to:

(1) a large non-directive insurer;

(2) a Swiss general insurer; and

(3) in relation to any of the foregoing firms, any person who is a Conduct Rules non-executive director or who is approved under section 59 of FSMA by either:

(a) the PRA; or

(b) the FCA, in relation to a relevant senior management function.

2.1

03/07/2017

If you are a natural person who is approved under section 59 of FSMA by either:

  1. (1) the PRA; or
  2. (2) the FCA, in relation to a relevant senior management function,

 you must comply at all times with all of the conduct standards.

2.1A

03/07/2017

If you are a Conduct Rules non-executive director, you must comply at all times with the conduct standards specified in 3.1 to 3.3, 3.7 and 3.8.

2.2

07/03/2016

A firm must require:

  1. (1) any person performing a key function to observe the conduct standards specified in 3.1 to 3.3;
  2. (2) any key function holder (other than a notified non-executive director) to observe the conduct standards specified in 3.4 to 3.8, in addition to complying with (1); and
  3. (3) any notified non-executive director to observe the conduct standards specified in 3.7 and 3.8, in addition to complying with (1).