# Edinburgh Merchant Company Order Confirmation 1996, Paragraph 13: Appointment of officials by Company


(1) The Company may appoint and employ all such officials (including a secretary) as the Company may deem necessary for the carrying on of its business:
Provided that—
(a) all existing officials of the Company shall, until the first annual meeting of the Company to be held after the commencement of this Order, hold their respective offices on their respective existing terms and conditions; and
(b) no person shall be qualified to be appointed as actuary unless he is either a Fellow of the Faculty of Actuaries in Scotland or a Fellow of the Institute of Actuaries.
(2) The secretary shall be elected annually at the annual meeting.

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Source: https://www.legislation.gov.uk/ukla/1996/11/schedule/part/II/crossheading/d-officials/paragraph/13 (the official version)
Page: https://openlegislation.uk/edinburgh-merchant-company-order-confirmation-1996/schedule/part-II/crossheading-d-officials/paragraph-13
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.