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5. In regulation 2(2) of the Occupational Pension Schemes (Deficiency on Winding Up etc.) Regulations 1996(1) (interpretation), before the definition of “the applicable time” insert—
““the actuary” means the actuary appointed for the scheme in pursuance of section 47(1)(b) or, in the case of a scheme to which that provision does not apply by virtue of regulations made under subsection (5) of that section, an actuary otherwise authorised by the trustees or managers to provide such valuations or certifications as may be required under these Regulations;”.
S.I. 1996/3128.
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