(1) The trustees of a relevant scheme shall, from time to time in accordance with section 43, submit to the Board a certificate, in this Act referred to as "an actuarial funding certificate".
(1A) On and after 1 June 2012, the trustees of a relevant scheme shall, from time to time in accordance with section 43, submit to the Board a certificate, in this Act referred to as "a funding standard reserve certificate".
(2) The trustees of a relevant scheme shall cause actuarial funding certificates to be prepared by an actuary who shall certify therein that as at the date, in this Act referred to as "the effective date of the actuarial funding certificate", on which the liabilities and resources of the scheme are calculated for the purposes of section 44(1) either -
(a) the scheme satisfies the funding standard provided for in section 44(1), or
(b) the scheme does not satisfy the funding standard.
(2A) The trustees of a relevant scheme shall cause funding standard reserve certificates to be
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