Section 1274(2)
In subsection (2) (matters carried on by bodies eligible for grants) for paragraph (l) substitute— issuing standards to be applied in actuarial work; 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); investigating departures from standards within paragraph (l) or (m); taking steps to secure compliance with standards within paragraph (l) or (m); carrying out investigations into public interest cases arising in connection with the performance of actuarial functions by members of professional actuarial bodies; holding disciplinary hearings relating to members of professional actuarial bodies following the conclusion of investigations within paragraph (p); deciding whether (and, if so, what) disciplinary action should be taken against members of professional actuarial bodies to whom hearings within paragraph (q) related; supervising the exercise by professional actuarial bodies of regulatory functions in relation to their members; overseeing or directing any of the matters mentioned above.
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Source: legislation.gov.uk · retrieved 2026-09-04