The Occupational and Personal Pension Schemes (Prescribed Bodies) Regulations (Northern Ireland) 2007

15.  In the Occupational Pension Schemes (Scheme Funding) Regulations (Northern Ireland) 2005(1)—

(a) in regulation 2(1) (interpretation) after the definition of “the actuary” insert—

““the Board for Actuarial Standards” means the operating body of that name of the Financial Reporting Council;”, and

(b) for regulation 15 (guidance relating to actuarial advice) substitute—

“Guidance relating to actuarial advice

15.   When advising the trustees or managers of a scheme on any of the matters specified in Article 209(1), the actuary shall have regard to the guidance note “Occupational Pension Schemes – scheme funding matters on which advice of actuary must be obtained” (GN 49) adopted or prepared, and from time to time revised, by the Board for Actuarial Standards and approved for the purposes of these Regulations by the Department, with such revisions as have been so approved.”.

(1)

S.R. 2005 No. 568 to which there are amendments not relevant to these Regulations