Prudential Regulation Authority Rulebook

4.1

A firm must take reasonable steps to ensure that an actuary that it appoints:

1. (1) does not perform the Chief Executive function;
   
   
2. (2) does not, if he is to perform the With-Profits Actuary function, become a member of the firm's governing body; and
   
   
3. (3) does not perform any other function on behalf of the firm which could give rise to a significant conflict of interest.