PRU Sch 4 Powers exercised

The following powers and related provisions in the Act have been exercised by the FSA to make the rules in PRU:

(1)

section 138 (General rule-making power);

(2)

section 141 (Insurance business rules);

(3)

section 149 (Evidential provisions);

(4)

section 150(2) (Actions for damages); and

(5)

section 156 (General supplementary powers).

The following power in the Act has been exercised by the FSA to give the guidance in PRU :

Section 157(1) (Guidance).