Glossary

statement of responsibilities form

10/12/2018

(1) for a UK Solvency II firm, the Society, a managing agent, a UK ISPV and a third country branch undertaking (other than a UK-deposit insurer or a Swiss general insurer), means the form to be completed by a firm containing:

(a) the information referred to in Insurance – Allocation of Responsibilities 5.1(3);
(b) in respect of Insurance – Senior Managers Regime - Applications and Notifications 2.7, 4A.1, 5.3 and 6.3(1), the information required by section 60(2A) of FSMA; and
(c) in respect of Insurance – Allocation of Responsibilities 5.5 and for PRA senior management function holders only, the information required by section 60(2A) of FSMA. 

(2) for a large non-directive insurer, means the form to be completed by a firm containing:

(a) the information referred to in Large Non-Solvency II Firms – Allocation of Responsibilities 5.1(3);
(b) in respect of Large Non-Solvency II Firms – Senior Managers Regime – Applications and Notifications 2.7, 4A.1, 5.3 and 6.3(1), the information required by section 60(2A) of FSMA; and
(c) in respect of Large Non-Solvency II Firms – Allocation of Responsibilities 5.5 and for PRA senior management function holders only, the information required by section 60(2A) of FSMA.

(3) for a small non-directive insurer, means the form to be completed by a firm containing:

(a) the information referred to in Non-Solvency II Firms – Fitness and Propriety 4.1(2); and
(b) in respect of Non-Solvency II Firms – Senior Managers Regime - Applications and Notifications 2.7, 4A.1, 5.3 and 6.3(1), the information required by section 60(2A) of FSMA.