The Friendly Societies (Qualifications of Actuaries No.2) Regulations 1993
These Regulations prescribe the qualifications to be held by actuaries appointed by friendly societies in accordance with section 44 of the Friendly Societies Act 1992. The Regulations revoke the Friendly Societies (Qualifications of Actuaries) Regulations 1993 (S.I.993/60) which prescribed the qualifications for actuaries of incorporated friendly societies. These Regulations re-enact those provisions so as to prescribe the same qualifications for actuaries of incorporated friendly societies and registered friendly societies subject to one modification. An actuary who is a Fellow of the Institute of Actuaries or of the Faculty of Actuaries but who has not yet attained the age of 30 years may be appointed as actuary to a registered friendly society if he carried out the last valuation of the society under section 41 of the Friendly Societies Act 1974 prior to entry into force of the Regulations.