4.1.1. Application of the Principles for Authorised Persons

(1) The Principles for Authorised Persons set out in Section 4.2 apply to Authorised Persons in respect of Regulated Activities and Market Activities.

(2) The Principles set out in GEN 4.2.7., GEN 4.2.8., GEN 4.2.9. and GEN 4.2.10 do not apply to an Authorised Firm which is a Credit Rating Agency. 

4.1.2. Application of the Principles for Approved Individuals and Designated Individuals

The Principles for Approved Individuals and Designated Individuals set out in Section 4.3 apply to Approved Individuals and Designated Individuals in respect of Controlled Functions and Designated Functions.