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Application provision

5.1 This Chapter does not apply to a credit union.

5.1

07/03/2016

This Chapter does not apply to a credit union.

5.2

07/03/2016

The Group Entity Senior Manager function (SMF7) is the function of having a significant influence on the management or conduct of one or more aspects of the affairs of a firm in relation to its regulated activities (other than in the course of the performance of another PRA senior management function) and which is performed by a person employed by, or an officer of:

  1. (1) a parent undertaking or holding company of a firm; or
  2. (2) another undertaking which is a member of the firm’s group.