# The Occupational Pension Schemes (Scheme Administration) Regulations 1996, Regulation 4: Qualifications and experience or approval required for appointment as the auditor or actuary


(1) For the purposes of section 47(5)(b) of the 1995 Act the qualifications and experience or approval required for appointment as—
(a) the auditor, subject to paragraph (2), are—
(i) those specified in section 25 of the Companies Act 1989 ; or
(ii) approval by the Secretary of State;
(b) the actuary are—
(i) Fellowship of the Institute and Faculty of Actuaries; or
(iii) approval by the Secretary of State.
(2) A person shall not be appointed as the auditor where—
(a) he is a member of the scheme ;
(b) he is employed under a contract of service by the trustees or managers of the scheme;
(c) he is an employer in relation to the scheme; or
(d) subject to paragraph (3), he is, by virtue of section 27 of the Companies Act 1989, ineligible to audit the accounts of a company which is an employer in relation to the scheme.
(3) Paragraph (2)(d) does not apply in relation to the accounts and auditor’s statement for a relevant scheme for a scheme year—
(a) in which, on the first day of that scheme year, the scheme has at least 500 participating employers; or
(b) which immediately precedes a scheme year in which sub-paragraph (a) is satisfied.
(4) In paragraph (3), “relevant scheme” means a trust scheme which applies to earners in employment under different employers.

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Source: https://www.legislation.gov.uk/uksi/1996/1715/regulation/4 (the official version)
Page: https://openlegislation.uk/occupational-pension-schemes-scheme-administration-regulations-1996/regulation-4
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.