Application provision

1.1 Unless otherwise stated, 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 4;
  3. (3) in accordance with Insurance General Application 3, managing agents, as modified by 4;
  4. (4) a third country branch undertaking (other than a Swiss general insurer);
  5. (5) a UK ISPV; and
  6. (6) in relation to any of the foregoing firms, any person who is a Conduct Rules non-executive director or who is approved under section 59 of FSMA by either:
    1. (a) the PRA; or
    2. (b) the FCA, in relation to a relevant senior management function.

2.1

03/07/2017

Future version
10/12/2018

If you are a natural person who is approved under section 59 of FSMA by either:

  1. (1) the PRA; or
  2. (2) the FCA, in relation to a relevant senior management function,

you must comply at all times with all of the conduct standards.

2.1A

03/07/2017

If you are a Conduct Rules non-executive director, you must comply at all times with the conduct standards specified in 3.1 to 3.3, 3.7 and 3.8.

2.2

03/07/2017

Future version
10/12/2018

firm must require:

  1. (1) any person performing a key function to observe the conduct standards specified in 3.1 to 3.3;
  2. (2) any key function holder (other than a notified non-executive director and an authorised UK representative) to observe the conduct standards specified in 3.4 to 3.8, in addition to complying with (1); and
  3. (3) any notified non-executive director to observe the conduct standards specified in 3.7 and 3.8, in addition to complying with (1).