Section 66B(5)

Condition C is that— the person has at any time been a senior manager in relation to a ... PRA-authorised person, there has at that time been (or continued to be) a contravention of a relevant requirement by the authorised person, ... the senior manager was at that time responsible for the management of any of the authorised person's activities in relation to which the contravention occurred , and the senior manager did not take such steps as a person in the senior manager's position could reasonably be expected to take to avoid the contravention occurring (or continuing).

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