# The Friendly Societies (Qualifications of Actuaries No.2) Regulations 1993, Regulation 2: Prescribed qualifications


(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.

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Source: https://www.legislation.gov.uk/uksi/1993/2518/regulation/2 (the official version)
Page: https://openlegislation.uk/friendly-societies-qualifications-of-actuaries-no2-regulations-1993/regulation-2
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.