actuarial investigation

(1) (other than in COBS) an investigation to which IPRU-INS rule 9.4 as at 31 December 2015 applies.

(2) (in COBS and SUP 4) for a Solvency II firm, an investigation having regard to generally accepted actuarial practice, carried out at least once in every 12-month period with advice, as appropriate, from the persons holding the with-profits actuary function and the actuarial function.