PART 2Schemes not in wind up

Prescribed persons for the purposes of Article 37(3)(a)6

The prescribed persons for the purposes of Article 37(3)(a) (payment of surplus to employer) are in the case of a scheme that is subject to Part IV of the 2005 Order (scheme funding)—

a

where it is a scheme for which an actuary is required to be appointed under Article 47(1)(b) (professional advisers), the actuary appointed under that Article, or

b

where it is a scheme which is exempt from the application of Article 47(1)(b) by virtue of regulations made under paragraph (5) of that Article—

i

a Fellow of the Faculty of Actuaries12, or

ii

a Fellow of the Institute of Actuaries13.