Prudential Regulation Authority Rulebook

1.1

This Part applies:

1. (1) to a small non-directive insurer; and
2. (2) in relation to a small non-directive insurer, to any person who is:
1. (a) a Conduct Rules non-executive director;
2. (b) approved under section 59 of FSMA by either:
1. (i) the PRA; or
2. (ii) the FCA, in relation to a relevant senior management function;
3. (c) a certification employee;
4. (d) an employee who should have been approved under section 59 of FSMA by either:
1. (i) the PRA; or
2. (ii) the FCA, in relation to a relevant senior management function; or
5. (e) an employee who is performing a function that would have been a controlled function but for Non-Solvency II Firms – Senior Management Functions 2.3.

1.2

In this Part the following definition shall apply:

employee

has the meaning given in Non-solvency II Firms – Certification 1.2.