Prudential Regulation Authority Rulebook

4A.1

A firm must incorporate the functions and the associated reporting lines into its organisational structure in a way which ensures that each function is free from influences that may compromise the function’s ability to undertake its duties in an objective, fair and independent manner.

4A.2

A firm must ensure that each function operates under the ultimate responsibility of, and reports to the governing body and must, where appropriate, co-operate with the other functions in carrying out their roles.

4A.3

A firm must ensure that any person performing a function is able to communicate at their own initiative with any employee and must have the necessary authority, resources and expertise, as well as unrestricted access to all relevant information necessary to carry out their responsibilities.

4A.4

A firm must ensure that any person performing a function promptly reports any major problem in their area of responsibility to the governing body.