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Application provision

1.1 Unless otherwise stated, this Part applies to:

  1. (1) a UK Solvency II firm;
  2. (2) in accordance with Insurance General Application 3, the Society, as modified by 5;
  3. (3) in accordance with Insurance General Application 3, a managing agent, as modified by 5;
  4. (4) a third country branch undertaking (other than a Swiss general insurer) in relation to the activities of the third country branch that are subject to the regulatory system; and
  5. (5) a UK ISPV, in accordance with 6.

1.1

10/12/2018

Unless otherwise stated, this Part applies to:

  1. (1) a UK Solvency II firm;
  2. (2) in accordance with Insurance General Application 3, the Society, as modified by 5;
  3. (3) in accordance with Insurance General Application 3, a managing agent, as modified by 5;
  4. (4) a third country branch undertaking (other than a Swiss general insurer) in relation to the activities of the third country branch that are subject to the regulatory system; and
  5. (5) a UK ISPV, in accordance with 6.

1.2

10/12/2018

This Part does not apply to a small run-off firm

1.3

10/12/2018

In this Part, the following definition shall apply:

employee

in relation to a firm, includes any person within the description set out in section 63E(9) of FSMA.

1.4

10/12/2018

This Part does not apply to a function performed by:

  1. (1) a PRA approved person;
  2. (2) a person who performs an FCA controlled function; or
  3. (3) a non-executive director in relation to their non-executive director function.