Prudential Regulation Authority Rulebook

1.1

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 7;
3. (3) in accordance with Insurance General Application 3, managing agents, as modified by 7; and
4. (4) third country branch undertakings excluding Swiss general insurers.

1.2

This Part applies to an actuary appointed under 2 or appointed under or as a result of a statutory provision other than in FSMA.

1.3

In this Part, the following definition shall apply:

Chief Executive function

means the PRA controlled function CF3 in the table of PRA controlled functions in SUP 10B.4.3 R of the PRA Handbook, described more fully in SUP 10B.6.7 R of the PRA Handbook.

With-Profits Actuary function

means the PRA controlled function CF12A in the table of PRA controlled functions, described more fully in SUP 10B.8.2 R of the PRA Handbook and Actuaries 5.1.