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Regulation 6 Prescribed persons for the purposes of section 37(3)(a) of the 1995 Act

The classes of prescribed person for the purposes of section 37(3)(a) of the 1995 Act are in the case of a scheme that is subject to Part 3 of the 2004 Act (scheme funding)—

(a)

where the scheme is a scheme for which an actuary is required to be appointed under section 47(1)(b) of the 1995 Act (professional advisers), the actuary appointed under that section; or

(b)

where it is a scheme which is exempt from the application of section 47(1)(b) of the 1995 Act by virtue of regulations made under subsection (5) F1of that section, a Fellow of the Institute and Faculty of Actuaries.

(i)

a Fellow of the Faculty of Actuaries M1; or

(ii)

a Fellow of the Institute of Actuaries M2.

Annotations

Textual amendments

F1

Words in reg. 6(b) substituted (6.4.2012) by The Pensions (Institute and Faculty of Actuaries and Consultation by Employers – Amendment) Regulations 2012 (S.I. 2012/692), regs. 1(2), 16

Marginal citations

M1

The Faculty of Actuaries is located at Faculty of Actuaries, Maclaurin House, 18 Dublin Street, Edinburgh EH1 3PP.

M2

The Institute of Actuaries is located at Institute of Actuaries, Staple Inn Hall, High Holborn, London WC1V 7QJ.