LLD 18.4 Prudential risk management and associated systems and controls
Application of PRU 1.4
Subject to LLD 18.4.2 R, PRU 1.4 applies to managing agents and to the Society in accordance with:
- (1)
for managing agents, LLD 16.3.3 R; and
- (2)
for the Society, LLD 16.3.1 R.
The requirement in PRU 1.4.18 R to take reasonable steps to ensure the establishment and maintenance of a business plan does not apply to the Society.