Prudential Regulation Authority Rulebook

7.1

This Chapter applies only to firms that are UK ISPVs.

7.2

A firm that is a UK ISPV is not required to comply with the requirements laid down in:

1. (1) 4 (Identification of Key Functions); and
2. (2) 5.1 to 5.3 and 5.7 (Records).

7.3

The requirements in 5.4 and 5.6 apply to a firm that is a UK ISPV as if any reference to a key function holder were a reference to a PRA senior management function holder.

7.4

The requirements in 5.8 apply to a UK ISPV as if the reference to the management responsibilities map were deleted.