Close menu

Application provision

1.1 Unless otherwise stated, this Part applies to:

  1. (1) a large non-directive insurer;
  2. (2) a Swiss general insurer; and
  3. (3) in relation to any of the foregoing firms, any person who is:
    1. (a) a Conduct Rules non-executive director;
    2. (b) an employee of a firm who is a key function holder;
    3. (c) a certification employee (other than a key function holder);
    4. (d) approved under section 59 of FSMA by either:
      1. (i) the PRA;
      2. (ii) the FCA, in relation to a relevant senior management function;
    5. (e) an employee who should have been approved under section 59 of FSMA by either:
      1. (i) the PRA; or
      2. (ii) the FCA, in relation to a relevant senior management function; or
    6. (f) an employee who is performing a function that would have been a controlled function but for Large Non-Solvency II Firms – Senior Management Functions 2.4.

3.1

07/03/2016

Individual Conduct Standard 1: You must act with integrity.

3.2

07/03/2016

Individual Conduct Standard 2: You must act with due skill, care and diligence.

3.3

07/03/2016

Individual Conduct Standard 3: You must be open and co-operative with the FCA, the PRA and other regulators.

3.4

10/12/2018

Senior Manager Conduct Standard 1: You must take reasonable steps to ensure that the business of the firm for which you are responsible is controlled effectively.

3.5

10/12/2018

Senior Manager Conduct Standard 2: You must take reasonable steps to ensure that the business of the firm for which you are responsible complies with the relevant requirements and standards of the regulatory system.

3.6

10/12/2018

Senior Manager Conduct Standard 3: You must take reasonable steps to ensure that any delegation of your responsibilities is to an appropriate person and that you oversee the discharge of the delegated responsibility effectively.

3.7

10/12/2018

Senior Manager Conduct Standard 4: You must disclose appropriately any information of which the FCA or the PRA would reasonably expect to have notice.

3.8

10/12/2018

Senior Manager Conduct Standard 5: When exercising your responsibilities, you must pay due regard to the interests of current and potential future policyholders in ensuring the provision by the firm of an appropriate degree of protection for their insured benefits.