Schedule 6, Part 1E, paragraph 5D(4)

To have appropriate non-financial resources D must satisfy the following conditions— D must be willing and able to value D’s assets and liabilities appropriately, D must have resources to identify, monitor, measure and take action to remove or reduce risks to the safety and soundness of D, D must have resources to identify, monitor, measure and take action to remove or reduce risks to the accuracy of D’s valuation of D’s assets and liabilities, the effectiveness with which D’s business is managed must meet a reasonable standard of effectiveness, and D’s non-financial resources must be sufficient to enable D to comply with— requirements imposed or likely to be imposed on D by the PRA in the exercise of its functions, and any other requirement in relation to whose contravention the PRA would be the appropriate regulator for the purpose of any provision of Part 14 of this Act.

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Source: legislation.gov.uk · retrieved 2026-09-04