Standard Life Assurance Company Act 1991 (c. 3)

SCHEDULE Regulations of The Standard Life Assurance Company

Distribution of profits

Power to declare distributable surplus not to be delegated

84 The powers and responsibilities of the directors under the foregoing regulations relative to the distribution of profits shall be exercised by the directors as such and shall not be capable of delegation by them whether in whole, or in part, or in respect of a separate fund.