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 5;
3. (3) in accordance with Insurance General Application 3, a managing agent, as modified by 5;
4. (4) a third country branch undertaking (other than a Swiss general insurer) in relation to the activities of the third country branch that are subject to the regulatory system; and
5. (5) a UK ISPV, in accordance with 6.

1.2

This Part does not apply to a small run-off firm.

1.3

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.

1.4

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.