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PRA controlled function

    176a controlled function which is specified by the PRA under section 59 of the Act (Approval for particular arrangements) in:128

      1. (1) (for CRR firms, credit unions and third country CRR firms (each as defined in the PRA Rulebook)173) the part of the PRA Rulebook173 titled ‘Senior Management Functions’; or173128
      1. (2) (for Solvency II firms including large non-directive insurers, and for small non-directive insurers134) the Senior 173Management Functions parts of the PRA Rulebook173 applicable to Solvency II Firms and Non-Solvency II Firms134.173131128131