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SUP 4.4 Appropriate actuaries

Appropriate actuaries' qualifications

01/04/2013R

A firm must not appoint as appropriate actuary an actuary who has been disqualified by the FCA under section 345 of the Act (Disciplinary measures: FCA) or the PRA under section 345A of the Act (Disciplinary measures: PRA) from acting as an actuary either for that firm or for a relevant class of firm.

07/03/2016G

If it appears to the FCA that an appropriate actuary has failed to comply with a duty imposed on him under the Act, it may have the power to and may disqualify him under section 345 of the Act. A list of actuaries who have been disqualified may be found on the FCA website (http://www.fca.org.uk).

Specific duties of the appropriate actuary

07/03/2016R

An appropriate actuary must carry out the triennial investigation and prepare an abstract of the report as required by the PRA Rulebook.