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AI Summary of 192S. Regulator's duty to monitor

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Version status: In force | Document consolidation status: Updated to reflect all known changes
Version date: 29 December 2020 - onwards

192S. Regulator's duty to monitor

(1) The PRA must monitor whether -

(a) a company approved under section 192R continues to satisfy the conditions in section 192R(3) to (6); and

(b) a company which it has confirmed is exempt from the requirement for approval under section 192P continues to satisfy the conditions for exemption set out in section 192P(2) and (3).

(2) A company which is subject to the requirement for approval under section 192P(1), or exempt from that requirement under section 192P(2), must give the PRA notice in writing of -

(a) any change in the structural organisation of the group; and

(b) any other information required by rules made under section 192J.

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