Term

Definition

Letter: A

accredited body

(A) In the PRA Handbook
any of the following bodies recognised by the FCA the purpose of providing the independent verification required under TC 2.1.27 R
(a) CFA Society of the UK;
(b) The Chartered Insurance Institute;
(c) The Institute of Financial Planning;
(d) The Chartered Institute for Securities and Investment;
(e) The Chartered Institute of Bankers in Scotland;
(f) The ifs School of Finance; [Note: The ifs School of Finance acts through its Institute of Financial Services]
(g) The Institute of Chartered Accountants in England and Wales;
(h) The Pensions Management Institute.
(B) In the FCA Handbook
any of the following bodies recognised by the FCA the purpose of providing the independent verification required under TC 2.1.27 R
(a) CFA Society of the UK;
(b) The Chartered Insurance Institute;
(c) The Institute of Financial Planning;
(d) The Chartered Institute for Securities and Investment;
(e) The Chartered Institute of Bankers in Scotland;
(f) The ifs University College; [Note: The ifs University College acts through its Institute of Financial Services]
(g) The Institute of Chartered Accountants in England and Wales;
(h) The Pensions Management Institute.

actuarial body

the Institute of Actuaries or theFaculty of Actuaries.

actuarial body

means the Institute and Faculty of Actuaries.

actuarial function

actuarial health insurance

(in the context of the rules in INSPRU 1.1 concerning the calculation of the general insurance capital requirement), health insurance which meets all the conditions set out in INSPRU 1.1.72 R .

actuarial investigation

an investigation to which IPRU-INS rule 9.4 applies.

actuarial valuation date

the date as at which the mathematical reserves are calculated.