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Application provision

1.1 Unless otherwise stated, this Part applies to a non-directive insurer.

3.1

01/01/2016

Before a firm appoints an actuary under 2.1, it must take reasonable steps to ensure that the actuary has the required skill and experience to perform his functions under the regulatory system commensurate with the nature, scale and complexity of the firm's business and the requirements and standards under the regulatory system to which it is subject.

3.2

01/01/2016

A firm must not appoint as actuary a person who is disqualified under Part XXII of FSMA from acting as an actuary either for that firm or for a relevant class of firm.

3.3

01/01/2016

A firm must take reasonable steps to ensure that an actuary, which it is planning to appoint or has appointed, provides information to the PRA about the actuary’s qualifications, skills, experience and any other relevant matters in accordance with the reasonable requests of the PRA.