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Non-Solvency II Firms – Certification Application and Definition

Application provision

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

1.1

10/12/2018

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

1.2

10/12/2018

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

10/12/2018

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.