s 192Q Application for approval or exemption
(1) An application for— (a) the PRA’s approval for the purposes of section 192P(1)(a); or (b) confirmation of exemption from the requirement for approval, must be made by the company concerned. (2) The application must— (a) be made in such manner as the PRA may direct; and (b) contain or be accompanied by the information referred to in subsection (3). (3) The information referred to in subsection (2) is— (a) a description of the structural organisation of the group of which the company is part, indicating— (i) its subsidiary undertakings and parent undertakings, and (ii) the location and type of activity undertaken by each of the entities within the group; (b) the identity of at least two individuals who are directors of the company; (c) a description as to how each director of the company complies with the requirements that they are of sufficiently good repute, and possess sufficient knowledge, skills and experience, to perform their duties as directors; (d) where one of the subsidiary undertakings of the company is a credit institution or a designated investment firm— (i) the identity of any persons who hold, whether directly or indirectly, qualifying holdings (within the meaning of Article 4(1)(36) of the capital requirements regulation), in the credit institution or designated investment firm, and the amounts of those holdings, or (ii) if no person holds a qualifying holding in the credit institution or designated investment firm, the identity of the 20 largest shareholders in the credit institution or designated investment firm and the amount of their shareholdings; (e) a description of the internal organisation and the distribution of tasks with the group. (4) The PRA may, by notice in writing, require the company to provide any further information necessary to enable the PRA to assess whether the conditions referred to in section 192P(2) and (3) or section 192R are fulfilled.