A trustee of a trust scheme1, and any person who is connected with, or an associate of, such a trustee, is ineligible to act as an auditor or actuary2 of the scheme3. A person who is a director, partner or employee4 of a firm5 of actuaries is not, however, ineligible to act as an actuary of a trust scheme merely because another director, partner or employee of the firm is a trustee of the scheme6; nor is a person who falls within a prescribed7 class or description ineligible to act as an auditor or actuary of a trust scheme8.
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