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You are here: BAILII >> Databases >> United Kingdom Statutory Instruments >> The Financial Services and Markets Act 2000 (Communications by Actuaries) Regulations 2003 No. 1294 URL: https://www.bailii.org/uk/legis/num_reg/2003/20031294.html |
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Made | 12th May 2003 | ||
Laid before Parliament | 13th May 2003 | ||
Coming into force | 1st September 2003 |
Circumstances in which an actuary is to communicate
2.
- (1) This regulation applies to any person who is, or has been, an actuary acting for an authorised person ("A") and who is or was -
(b) the information on, or his opinion on, those matters may be of material significance to the Authority in determining whether A satisfies and will continue to satisfy the threshold conditions;
(c) where applicable, there is a significant risk that assets representing a fund or funds maintained by A in respect of contracts of long-term insurance effected or carried out by him are or may be, or may become, insufficient to meet his liabilities attributable to such contracts; or
(d) where applicable, there is a significant risk that A -
take into account in a reasonable and proportionate manner the interests of the policyholders of contracts of long-term insurance effected or carried out by him.
Nick Ainger
John Heppell
Two of the Lords Commissioners of Her Majesty's Treasury
12th May 2003
[2] S.I. 2001/544; amended by S.I. 2001/3544, S.I. 2002/682, S.I. 2002/1310 and S.I. 2002/1776.back
[3] See in particular section 402 of the Act (power of the Authority to institute proceedings for offences under other enactments).back
© Crown copyright 2003 | Prepared 13 June 2003 |