Related provisions for SUP 4.1.2A
1 - 5 of 5 items.
(1) Actuaries appointed under this chapter or the PRA Rulebook: Solvency II firms are subject to regulations5 made by the Treasury under sections 342(5) and 343(5) of the Act (Information given by auditor or actuary to a regulator7). Section 343 and the regulations also apply to an actuary of an authorised person in his capacity as an actuary of a person with close links with the authorised person.47(2) These regulations oblige actuaries to report certain matters to the appropriate
An actuary2 who has ceased to be appointed under this chapter2 or the PRA Rulebook: Solvency II firms5, or who has been formally notified that he will cease to be so 2appointed, must notify the appropriate regulator5 without delay:2225(1) of any matter connected with the cessation which he thinks ought to be drawn to the appropriate regulator's attention; or(2) that there is no such matter.
The functions3 described by SUP 4.2.2 G (1) are performed by one or more actuaries who are3 required to hold office continuously and must be approved persons3. Solvency II firms are required to have an actuarial function. Solvency II firms are not required to appoint an external actuary to fulfil the actuarial function for the purposes of rule 6 of the PRA Rulebook: Solvency II firms: Conditions Governing Business, but they must do so if they do not have the internal capability