Prudential Regulation Authority Rulebook

7.1

The PRA directs that a firm must not submit any application pursuant to Senior Managers Regime – Applications and Notifications 2, for a person to perform a PRA senior management function, before 1 January 2016.

7.2

The PRA directs that any application to perform a PRA senior management function which is made between 1 January 2016 and the day before the commencement date must:

1. (a) be made on the correct form as directed by Senior Managers Regime – Applications and Notifications 2 (as if those provisions were in force); and
2. (b) be submitted as directed by Senior Managers Regime – Applications and Notifications 7 (as if those provisions were in force).

7.3

An application to perform a PRA senior management function which is made between 1 January 2016 and the day before the commencement date is made on the basis that it is treated as being made on the commencement date.