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The Insurance Companies (Accounts and Statements) Regulations 1996
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- UK Statutory Instruments
- 1996 No. 943
- Regulation 30
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Qualification of actuary
30.—(1) For the purposes of the definition of “actuary” in section 96(1) of the Act, it is hereby prescribed that a person qualified for appointment as an actuary under section 19 of the Act shall be a Fellow of the Institute of Actuaries or of the Faculty of Actuaries and shall have attained the age of 30 years.
(2) Any person who, immediately before 1st January 1981, held an appointment as actuary to a company by virtue of regulation 15 of the Insurance Companies (Accounts and Forms) Regulations 1968(1) shall, notwithstanding paragraph (1) above, be deemed for the purposes of these Regulations and for the period during which he continues to hold that appointment to be qualified to hold that appointment.
(1)
S.I. 1968/1408.
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