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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 5;
  3. (3) in accordance with Insurance General Application 3, a managing agent, as modified by 5;
  4. (4) a third country branch undertaking (other than a Swiss general insurer) in relation to the activities of the third country branch that are subject to the regulatory system; and
  5. (5) a UK ISPV, in accordance with 6.



For the purposes of this Part, the following are certification functions

  1. (1) a function performed for a firm by a key function holder at the firm;
  2. (2) a function performed by a material risk taker at a large firm.



A function is only a certification function to the extent that the function relates to a regulated activity carried on by a firm.