PART 2Governance
CHAPTER 2Actuary and valuation
Actuarial valuations7
1
The scheme actuary must carry out an actuarial valuation of this scheme and connected schemes as at the effective date.
2
The scheme actuary must provide a valuation report to the scheme manager not later than such a date as may be agreed by the scheme manager.
3
The effective date is—
a
in respect of the first valuation under paragraph (1), 31st March 2016;
b
in respect of subsequent valuations, such dates as enable the scheme to comply with the Treasury directions as to valuations.