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Application provision

1.1 This Part applies:

  1. (1) to a small non-directive insurer; and
  2. (2) in relation to a small non-directive insurer, to any person who is:
    1. (a) a Conduct Rules non-executive director;
    2. (b) 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;
    3. (c) a certification employee
    4. (d) 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
    5. (e) an employee who is performing a function that would have been a controlled function but for Non-Solvency II Firms – Senior Management Functions 2.3.

1A.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.

1A.2

03/07/2017

If you are a Conduct Rules non-executive director, you must comply at all times with the conduct standards specified in 2.1 to 2.3, 2.7 and 2.8.

1A.3

10/12/2018

If you are an employee of a type specified in 1.1(2)(c), 1.1(2)(d) or 1.1(2)(e) you must comply at all times with the conduct standards specified in 2.1 to to 2.3.

1A.4

10/12/2018

A firm must require:

  1. (1) a natural person of a type specified in 1.1(2)(b) to observe all of the conduct standards; and
  2. (2) an employee of a type specified in 1.1(2)(c), 1.1(2)(d) or 1.1(2)(e) to observe the conduct standards specified in 2.1 to 2.3