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Application provision

1.1 Unless otherwise stated, this Part applies to:

6.1

07/03/2016

This Chapter applies only to a Swiss general insurer.

6.2

10/12/2018

The Head of Third Country Branch function (SMF19) is the function of having responsibility for the conduct of all activities of the Swiss general insurer that are subject to the regulatory system.

6.3

07/03/2016

  1. (1) A Swiss general insurer must have at least one person approved to perform the Head of Third Country Branch function.
  2. (2) If a vacancy arises in respect of the Head of Third Country Branch function, a Swiss general insurer must ensure that it appoints a  person to fill that vacancy as soon as possible.

6.4

10/12/2018

A Swiss general insurer is not required to have any person(s) approved to perform any of the other PRA senior management functions.