Prudential Regulation Authority Rulebook

3.1

The senior personnel of a firm must be of sufficiently good repute and sufficiently experienced as to ensure the sound and prudent management of the firm.

3.2

A firm must ensure that its management is undertaken by at least two persons meeting the requirements laid down in 3.1.

3.3

If the firm is:

(1) a natural person; or

(2) a legal person managed by a single natural person;

it must have alternative arrangements in place which ensure sound and prudent management of the firm.