PRU 6.12.2

An Authorised Person must:

(a) take out and maintain professional indemnity insurance cover appropriate to the nature, size, complexity and risk profile of the Authorised Person's business;
(b) at least annually, provide the Regulator with a copy of the professional indemnity insurance cover in (a) covering the following 12 month period; and
(c) notify the Regulator of any material changes to the cover in (a), including the level of cover, its renewal or termination.