S.I. No. 137/2007 - Occupational Pension Schemes (Review of Actuarial Work) Regulations, 2007 Skip to content Disclaimer Feedback Helpdesk Gaeilge Léim go dtí an t-ábhar Séanadh Aiseolas Deasc chabhrach English Gaeilge English Produced by the Office of the Attorney General Táirgthe ag Oifig an Ard-Aighne Home Legislation Acts of the Oireachtas Statutory Instruments Pre-1922 Legislation Constitution External Resources Bills (Houses of the Oireachtas) Iris Oifigiúil / Official Gazette Revised Acts (LRC) Classified List of Legislation (LRC) Translations (acts.
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- s)or rangeBliain nó blianta nó raon TypeCineál All Legislation Acts Statutory Instruments Advanced SearchCuardach Casta HomeBaile Statutory InstrumentsIonstraimí Reachtúla 2007 S.I. No. 137/2007 - Occupational Pension Schemes (Review of Actuarial Work) Regulations, 2007 S.I. No. 137/2007 - Occupational Pension Schemes (Review of Actuarial Work) Regulations, 2007 AmendmentsLeasuithe S.I. No. 137 of 2007 Occupational Pension Schemes (Review of Actuarial Work) Regulations, 2007 The Minister for Social and Family Affairs, in exercise of the powers conferred on him by section 5 and 51A (inserted by section 42 of the Social Welfare Law Reform and Pensions Act 2006 (No.5 of 2006)) of the Pensions Act, 1990 (No. 25 of 1990) hereby makes the following Regulations:- Citation and commencement. 1. -
(1)These Regulations may be cited as the Occupational Pension Schemes (Review of Actuarial Work) Regulations, 2007.
(2)These Regulations come into operation on 2 April
- Definitions
- In these Regulations - ‘Act’ means the Pensions Act, 1990; ‘actuarial work’ has the meaning assigned to it in section 51A of the Act; ‘actuarial standard of practice’ means any professional guidance issued by the Society of Actuaries in Ireland. Review of actuarial work 3.-
(1)Any actuary who has undertaken actuarial work must have that actuarial work reviewed for compliance with the Act and any regulations made under the Act.
(2)The review under sub-article
(1)of this article shall be carried out in accordance with the actuarial standard of practice in relation to the review of actuarial work issued by the Society of Actuaries in Ireland. Given under the Official Seal of the Minister for Social and Family Affairs this 29th day of March 2007 SÉAMUS BRENNAN Minister for Social and Family Affairs. EXPLANATORY NOTE This note is not part of the instrument and does not purport to be a legal interpretation Section 51A of the Pensions Act 1990 (inserted by section 42 of the Social Welfare Law Reform and Pensions Act 2006), provides that the Minister may make regulations requiring the work carried out by a scheme Actuary to be reviewed to ensure that it complies with the provisions of the Pensions Act and any professional guidance issued by the Society of Actuaries in Ireland. Section 51A further provides that such professional guidance must contain provisions relating to certain matters including the appointment of a reviewing actuary, the frequency of reviews, and the timescale for reviews. These Regulations now bring into effect, from the 2nd April 2007, the requirement that an actuary to a scheme have his or her actuarial work reviewed for compliance with the Pensions Act and in accordance with the professional guidance issued by the Society of Actuaries in Ireland. Privacy Statement Accessibility European Legislation Identifier (PDF) Open Data License Ráiteas Príobháideachais Inrochtaineacht Aitheantóir Eorpach Reachtaíochta (ELI) Ceadúnas Sonraí Oscailte Liosta Fianán © Government of Ireland. Oireachtas Copyright Material is reproduced with the permission of the Houses of the Oireachtas © Rialtas na hÉireann. Atáirgtear ábhar faoi Chóipcheart le cead ó Thithe an Oireachtais