Regulation 7 Actuarial valuations
(1)
The scheme actuary must carry out an actuarial valuation of this scheme and connected schemes as at the effective date.
(2)
The scheme actuary must provide a valuation report to the scheme manager not later than such a date as may be agreed by the scheme manager.
(3)
The effective date is—
(a)
in respect of the first valuation under paragraph (1), 31st March 2016;
(b)
in respect of subsequent valuations, such dates as enable the scheme to comply with the Treasury directions as to valuations.