Prudential Regulation Authority Rulebook

2.1

A firm must ensure that any application it makes for the approval of a person to perform a PRA senior management function is accompanied by a statement of responsibilities.

2.2

A firm must ensure that the statement of responsibilities accompanying an application for approval to perform a PRA senior management function in relation to it includes any prescribed responsibilities, small firm prescribed responsibilities, UK branch prescribed responsibilities, FCA responsibilities and other responsibilities allocated to, and which are to form part of the responsibilities of, that person.

2.3

A firm must ensure that any responsibilities allocated to, and that form part of the responsibilities of, a person who performs a PRA senior management function in relation to it are consistent with the scope of that PRA senior management function and of any prescribed responsibilities, small firm prescribed responsibilities, UK branch prescribed responsibilities, FCA responsibilities and other responsibilities allocated to that person.

2.4

1. (1) A firm must have, at all times, a complete set of current and up to date statements of responsibilities for all persons approved to perform a PRA senior management function on its behalf.
2. (2) A firm must prepare a statement of responsibilities for each PRA approved person as a single document covering every PRA senior management function and FCA designated senior management function for which
1. (a) the PRA approved person has approval from the PRA or the FCA, as the case may be, to perform; or
2. (b) an application for approval is being made.