Prudential Regulation Authority Rulebook

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 6;
3. (3) in accordance with Insurance General Application 3, managing agents, as modified by 6;
4. (4) a third country branch undertaking (other than a Swiss general insurer); and
5. (5) a UK ISPV, in accordance with 7.

1.2

In this Part, the following definitions shall apply:

management responsibilities map

has the meaning given in 5.1.

prescribed responsibility

1. (1) for a firm (other than a third country branch undertaking or a small run-off firm) means the responsibilities in 3.1 and 3.3;
2. (2) for a third country branch undertaking (other than a UK-deposit insurer or a Swiss general insurer) means the responsibilities set out in 3.1 and 3.3 to the extent only that they are relevant to the operations effected by its third country branch, save in relation to 3.1(4) which shall also take account of the operations of the third country branch undertaking to the same extent as is necessary to ensure compliance by the third country branch undertaking with Third Country Branches 13;
3. (3) for a UK-deposit insurer, means the responsibilities set out in 3.1 and 3.3 to the extent only that they are relevant to the operations effected by its third country branch and all its third country undertaking EEA branches, save in relation to 3.1(4) which shall also take account of the operations of the third country branch undertaking to the same extent as is necessary to ensure compliance by the third country branch undertaking with Third Country Branches 13;
4. (4) for a small run-off firm means the responsibilities in 3.2.

third country branch prescribed responsibility

1. (1) for a third country branch undertaking (other than a UK-deposit insurer) means the responsibilities set out in 3A.2 to the extent only that they are relevant to the operations effected by its third country branch); and
2. (2) for a UK-deposit insurer means the responsibilities set out in 3A.2 to the extent only that they are relevant to the operations effected by its third country branch and all its third country undertaking EEA branches.