(1) Section 16 of the Companies (Audit, Investigations and Community Enterprise) Act 2004 (c 27) (grants to bodies concerned with accounting standards etc) is amended as follows.
(2) In subsection (2) (matters carried on by bodies eligible for grants) for paragraph (l) substitute—
“(l) issuing standards to be applied in actuarial work;
(m) issuing standards in respect of matters to be contained in reports or other communications required to be produced or made by actuaries or in accordance with standards within paragraph (l);
(n) investigating departures from standards within paragraph (l) or (m);
(o) taking steps to secure compliance with standards within
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