Prudential Regulation Authority Rulebook

12.1

This Chapter applies only to firms that are UK ISPVs.

12.2

The following senior insurance management functions do not apply to a UK ISPV:

1. (1) Chief Risk function (SIMF4);
2. (2) Head of Internal Audit function (SIMF5);
3. (3) Chairman of Risk Committee function (SIMF10);
4. (4) Chairman of Audit Committee function (SIMF11);
5. (5) Chairman of Remuneration Committee function (SIMF12);
6. (6) Senior Independent Director function (SIMF14);
7. (7) Head of Third Country Branch function (SIMF19);
8. (8) With-Profits Actuary function (SIMF21); and
9. (9) Chief Underwriting Officer function (SIMF22).