The following Insurance & Reinsurance practice note provides comprehensive and up to date legal information covering:
On 29 August 2015, the Prudential Regulation Authority (PRA) published the PRA Rulebook (Rulebook). The transition from the Handbook to the Rulebook was intended to benefit PRA-authorised firms, to access clearer and more concise rules. Alongside the Rulebook, supervisory statements and statements of policy, facilitate a comprehensive understanding of the PRA’s requirements.
The Rulebook is divided up to cover three main sectors: banking and investment, insurance, and non-authorised persons, the first two sectors containing sub-sectors divided into directive and non-directive firms.
The Rulebook can be found here.
The three main Rulebook sectors are divided into the following sectors:
Banking and Investment Rules: Capital Requirements Firms (CRR Firms) and Non-Capital Requirements Firms (Non-CRR Firms)
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Source of the doctrine of the separation of powersThe origins of the doctrine are often traced to John Locke’s Second Treatise of Government (1689), in which he identified the 'executive' and 'legislative' powers as needing to be separate.‘… it may be too great a temptation to human frailty, apt to
Produced with input from Rebecca Cousin of Slaughter and May on market practice.This Practice Note summarises the rules and guidance in relation to parties who are, or may be presumed to be, acting in concert for the purposes of The City Code on Takeovers and Mergers (the Code). In particular the
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Case number [insert number][In the principal registryORIn the [insert court location] FAMILY court]Sitting at [insert place]Notice of actingBetween[insert petitioner name]Petitionerand[insert respondent name]RespondentTake notice that we [insert name of firm] have been appointed to act as the
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