4
Disclosure and Replacements
4.1
- (1) A firm (other than a UK ISPV) shall notify the PRA of any changes to the identity of key function holders and shall provide the PRA with:
- (a) all the information needed to assess whether such person is fit and proper pursuant to 2.2; and
- (b) the information referred to in Insurance - Allocation of Responsibilities 5.1(3) in respect of that person.
- (2) A UK ISPV shall notify the PRA of any changes to the identity of key function holders who are effectively running the firm and shall provide the PRA with all the information needed to assess whether such person is fit and proper pursuant to 2.2.
- (3) [Not yet in force]
[Note: Art. 42(2) of the Solvency II Directive]
- 01/01/2016
4.2
[Not yet in force]
- 01/01/2016
4.3
If a firm becomes aware of information which would reasonably be expected to be material to the assessment of a current or former key function holder’s fitness and propriety under this Part, it must inform the PRA as soon as practicable.
[Note: Art. 42(3) of the Solvency II Directive]
- 01/01/2016
4.4
Where a firm replaces a key function holder because the firm considers that that person is no longer fit and proper pursuant to 2.1 and 2.2, the firm must notify the PRA as soon as reasonably practicable.
[Note: Art. 42(3) of the Solvency II Directive]
- 01/01/2016