Status: You are viewing the version of the handbook as on 2016-02-03.

significant-influence function

    189(in accordance with section 59(7B) of the Act and 138in relation to the carrying on of a regulated activity by an authorised person) a function that is likely to enable the person responsible for its performance to exercise a significant influence on the conduct of the authorised person's affairs, so far as relating to the activity. For the purposes of SYSC 2, COCON and DEPP, this also includes a PRA controlled function, as specified in the PRA Rulebook: Solvency II Firms: Insurance - Senior Insurance Management Functions.138