Prudential Regulation Authority Rulebook

1.1

This Part applies to:

1. (1) every firm, except for an incoming firm that does not have a top-up permission; and
2. (2) the external auditor of such a firm (if appointed under 2 or appointed under or as a result of a statutory provision other than in FSMA).

1.2

In 1.1, where firm refers to a managing agent, it applies in respect of the managing agent’s own business and in respect of the insurance business of each syndicate that the managing agent manages.