Non-Solvency II Firms - Conduct Standards Application and Definitions
Application provision
1.1 This Part applies:
- (1) to a small non-directive insurer; and
- (2) in relation to a small non-directive insurer, to any person who is:
- (a) a Conduct Rules non-executive director;
- (b) approved under section 59 of FSMA by either:
- (i) the PRA; or
- (ii) the FCA, in relation to a relevant senior management function;
- (c) a certification employee;
- (d) an employee who should have been approved under section 59 of FSMA by either:
- (i) the PRA; or
- (ii) the FCA, in relation to a relevant senior management function; or
- (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.
1.1
10/12/2018
This Part applies:
- (1) to a small non-directive insurer; and
- (2) in relation to a small non-directive insurer, to any person who is:
- (a) a Conduct Rules non-executive director;
- (b) approved under section 59 of FSMA by either:
- (i) the PRA; or
- (ii) the FCA, in relation to a relevant senior management function;
- (c) a certification employee;
- (d) an employee who should have been approved under section 59 of FSMA by either:
- (i) the PRA; or
- (ii) the FCA, in relation to a relevant senior management function; or
- (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
10/12/2018
In this Part the following definition shall apply:
has the meaning given in Non-solvency II Firms – Certification 1.2.