Regulation 7 Ineligibility to act as actuary or auditor: exceptionsI1

Northern Ireland Not yet in force

Changes not yet applied. Later legislation changes this provision in ways not yet written into the text below:

reg. 7 coming into force by Occupational Pension Schemes (Scheme Administration) 1997 reg. 1(1)
reg. 7-11 applied (with modifications) by Stakeholder Pension Schemes 2000 reg. 32 Sch. 2
reg. 7(c) words substituted by Occupational Pension Schemes (Reference Scheme and Miscellaneous Amendments) 1997 reg. 5(3)(a)
reg. 7(d) added by Occupational Pension Schemes (Reference Scheme and Miscellaneous Amendments) 1997 reg. 5(3)(b)
reg. 7(d) words substituted by Marriage (Same-sex Couples) and Civil Partnership (Opposite-sex Couples) 2019 reg. 92

For the purposes of Article 27(3) (ineligibility of trustees and connected and associated persons to act as an auditor or actuary of the scheme: exceptions for persons of a prescribed class or description) the prescribed class or description is—

(a)

any person who is a director, partner or employee of a firm which provides, amongst other services, actuarial services and who would be ineligible under Article 27(1) to be the actuary merely because another director, partner or employee of that firm is a trustee of the scheme;

(b)

any person—

(i)

who is a director, partner or employee of a firm which provides, amongst other services, actuarial services; and

(ii)

who is not a director of the company which is a trustee of the scheme;

and who would be ineligible under Article 27(1) to be the actuary merely because he is an associate of the company which is the trustee of the scheme by virtue of Article 4(4), (6) and (7) of the Insolvency (Northern Ireland) Order 1989^f1;

(c)

any person who would be ineligible under Article 27(1) to act as the auditor or the actuary merely because he falls within the description of associate as specified in Article 4(3) of the Insolvency (Northern Ireland) Order 1989.

Regulation 7 Ineligibility to act as actuary or auditor: exceptionsI1

Annotations

Commencement

Footnotes