Prudential Regulation Authority Rulebook

4.1

A firm must notify the PRA as soon as it becomes aware of any of the following matters in respect of one or more of its controllers:

1. (1) if a controller, or any entity subject to their control, is or has been the subject of any legal action or investigation which might put into question the integrity of the controller;
2. (2) if there is a significant deterioration in the financial position of a controller;
3. (3) if a corporate controller undergoes a substantial change or series of changes in its governing body;
4. (4) if a controller, who is authorised in another EEA State as a MiFID investment firm, CRD credit institution or UCITS management company or under the Solvency II Directive or the Insurance Mediation Directive, ceases to be so authorised (registered in the case of an IMD insurance intermediary).

4.2

A firm must take reasonable steps to keep itself informed about controllers, including if applicable:

1. (1) monitoring its register of shareholders (or equivalent);
2. (2) monitoring notifications to the firm in accordance with Part 22 of the Companies Act 2006;
3. (3) monitoring public announcements made under the relevant disclosure provisions of the Takeover Code or other rules made by the Takeover Panel;
4. (4) monitoring the entitlement of delegates, or persons with voting rights in respect of group insurance contracts, to exercise or control voting power at general meetings.