Part

Senior Managers Regime - Transitional Provisions

Chapter

Procedure for Making Grandfathering Notifications

Printed on: 06/11/2024

Rulebook at: 10/01/2018

4

Procedure for Making Grandfathering Notifications

4.1

The PRA directs that, save as required by 4.2 :

  1. (1) A firm other than a credit union must make any applications, notifications or submissions, including updates, required by this Part using the ONA system; and
  2. (2) a credit union must make any applications, notifications or submissions, including updates, required by this Part:
    1. (a) using the ONA system; or
    2. (b) in the manner set out in Notifications 7.
  • 13/07/2015

4.2

If, under any direction or rule in this Chapter,

  1. (1) a firm is required to make an application, notification or submission online; and
  2. (2) the information technology systems used by the PRA fail, and online submission is unavailable for 24 hours or more,

until such time as facilities for online submission are restored a firm may submit the specified form in accordance with Notifications 7 (Form and method of notification).

  • 13/07/2015