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Application provision

1.1 Unless otherwise stated, this Part applies to:

  1. (1) a run-off firm; and

  2. (2) in relation to a run-off firm, any person 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.

1

Application and Definitions

1.1

07/03/2016

Unless otherwise stated, this Part applies to:

  1. (1) a run-off firm; and

  2. (2) in relation to a run-off firm, any person 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

Transitional Application of Rules in Relation to Run-Off Firms

2.2

07/03/2016

Notwithstanding Non-Solvency II Firms - Conduct Standards 1.1, the rules in Non-Solvency II Firms - Conduct Standards apply to any person subject to this Part.