27.—(1) 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.
(2) 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.
(3) 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.
(4) A person must not act as an auditor or actuary of a trust scheme if he is ineligible under this Article to do so.
(5) In this Article and Article 28 references to a trustee of a trust scheme do not include—
(a)a trustee, or
(b)a trustee of a scheme,
falling within a prescribed class or description.