PRA-prescribed senior management responsibilities

    one of the functions described as:

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

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

    of the part of the PRA Rulebook called Allocation of Responsibilities;

    (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; and

    (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.

Glossary Legal Instruments