Article 27 Trustee not to be auditor or actuary of the scheme

A trustee of a trust scheme, and any person who is connected with, or an associate of, such a trustee, is ineligible to act as an auditor or actuary of the scheme.

Paragraph (1) does not make a person who is a director, partner or employee of a firm of actuaries ineligible to act as an actuary of a trust scheme merely because another director, partner or employee of the firm is a trustee of the scheme.

Paragraph (1) does not make a person who falls within a prescribed class or description ineligible to act as an auditor or actuary of a trust scheme.

A person must not act as an auditor or actuary of a trust scheme if he is ineligible under this Article to do so.

In this Article and Article 28 references to a trustee of a trust scheme do not include—

falling within a prescribed class or description.