PART 1A

The Regulators
CHAPTER 2

The Prudential Regulation Authority

Arrangements for consulting practitioners

The Insurance Practitioner Panel
2MA
1
Arrangements under section 2L must include the establishment and maintenance of a panel of persons (to be known as “
the Insurance Practitioner Panel
”) to represent the interests of practitioners involved in the carrying on of the activity of effecting or carrying out of contracts of insurance.
2
The PRA must appoint one of the members of the Insurance Practitioner Panel to be the chair of the Panel.
3
The Treasury’s approval is required for the appointment or dismissal of the chair.
4
The PRA must appoint to the Insurance Practitioner Panel at least one person representing PRA-authorised persons engaged in the activity of effecting or carrying out of contracts of insurance.
5
The PRA may appoint to the Insurance Practitioner Panel such other persons as it considers appropriate.
6
Subsections (4) and (5) are subject to section 2LA.
Pt. 1A substituted for Pt. 1 (24.1.2013 for specified purposes, 19.2.2013 for specified purposes, 1.4.2013 in so far as not already in force) by Financial Services Act 2012 (c. 21), ss. 6(1), 122(3) (with Sch. 20); S.I. 2013/113, art. 2(1)(b)(c)(2), Sch. Pts. 2, 3, 4; S.I. 2013/423, art. 3, Sch.
S. 2MA inserted (29.8.2023 for specified purposes, 26.12.2023 in so far as not already in force) by Financial Services and Markets Act 2023 (c. 29), ss. 42, 86(3); S.I. 2023/779, reg. 4(ff); S.I. 2023/1382, reg. 7(b) (with reg. 17)