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Status: Please note you should read all Brexit changes to the FCA Handbook and BTS alongside the main FCA transitional directions. Where these directions apply the 'standstill', firms have the choice between complying with the pre-IP completion day rules, or the post-IP completion day rules. To see a full list of Handbook modules affected, please see Annex B to the main FCA transitional directions.

PRA controlled function

    201a 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