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Regulation 2 Prescribed qualifications

Original text. Later amendments are not shown.

(1)

The qualifications set out in paragraph (2) below are prescribed under section 44(8) of the 1992 Act.

(2)

A person must possess the qualifications set out in subparagraph (a) and, where applicable, (b) below

(a)

a fellowship of the Institute of Actuaries or of the Faculty of Actuaries; and

(b)

attainment of the age of 30 years, except in the case of an actuary of a registered friendly society who carried out the last valuation of the society under section 41 of the 1974 Act prior to the coming into force of these Regulations.