4.—(1) The following requirements, and other key functions.U.K.
(2) The requirements are that all persons who effectively run an insurance or reinsurance undertaking or have other key functions at all times fulfil the following requirements—
(a)their professional qualifications, knowledge and experience are adequate to enable sound and prudent management; and
(b)they are of good repute and integrity M1.
Commencement Information
I1Sch. 2 para. 4 in force at 31.12.2020 on IP completion day (in accordance with 2020 c. 1, Sch. 5 para. 1(1)), see reg. 1(2)
Marginal Citations
M1Article 50 of the Solvency 2 Directive.