1

Application and Definition

1.1

Unless otherwise stated, this Part applies to a small non-directive insurer.

1.2

In this Part, the following definition shall apply:

employee

in relation to a firm, includes any person within the description set out in section 63E(9) of FSMA.

1.3

This Part does not apply to a function performed by:

  1. (1) a PRA approved person;
  2. (2) a person who performs an FCA controlled function; or
  3. (3) a non-executive director in relation to their non-executive director function.