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Application provision

1.1 This Part applies to:

  1. (1) a UK Solvency II firm;
  2. (2) in accordance with Insurance General Application 3, the Society, as modified by 7;
  3. (3) in accordance with Insurance General Application 3, managing agents, as modified by 7; and
  4. (4) third country branch undertakings excluding Swiss general insurers.

4.1

01/01/2016

A firm must take reasonable steps to ensure that an actuary that it appoints:

  1. (1) does not perform the function of Chief Executive function;
  2. (2) does not, if he is to perform the With-Profits Actuary function, become a member of the firm's governing body; and
  3. (3) does not perform any other function on behalf of the firm which could give rise to a significant conflict of interest.