Content Options

Content Options

View Options

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-prescribed senior management responsibilities

    128one of the functions described as:

    (1) (for CRR firms, credit unions and third country CRR firms (each as defined in the PRA Rulebook)):173

      1. (a) a ‘prescribed responsibility’ in Chapter 4; 173
      1. (b) a ‘small firm prescribed responsibility’ in Chapter 5; or173
      1. (c) a ‘UK branch prescribed responsibility’ in Chapter 6;173

    of the part of the PRA Rulebook173 called Allocation of Responsibilities;173

    (2) (for firms covered by the Insurance - Allocation of Responsibilities and Large Non-Solvency II Firms – Allocation of Responsibilities parts of the PRA Rulebook) a prescribed responsibility or a third country branch prescribed responsibility as defined in those parts; and173

    (3) (for firms covered by the Non-solvency II Firms - Allocation of Responsibilities part of the PRA Rulebook) a small non-directive insurer prescribed responsibility as defined in that part. 173