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Version status: In force | Document consolidation status: Updated to reflect all known changes
Version date: 29 June 2011 - onwards
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53G. Regulatory own funds trust RAC technical provisions certificate.

(1) Subject to section 53M, the trustees of a regulatory own funds trust RAC shall cause the technical provisions and the technical provisions requirement for a regulatory own funds trust RAC to be calculated by an actuary and a regulatory own funds trust RAC technical provisions certificate to be prepared and submitted to the Board and the first such certificate shall have an effective date of:

(a) in the case of a trust RAC which on 23 September 2010 was a regulatory own funds trust RAC, not later than 6 months after the date on which Chapter 2 of Part 4 of the Social Welfare and Pensions Act 2011 comes into operation;

(b) in the case of a trust RAC which commences after 23 September 2010 and which from the trust RAC's commencement is a regulatory own funds trust RAC -

(i) not later than 4 weeks after the date of commencement of the trust RAC, or

(ii) not later than 4 weeks after the date on which Chapter 2 of Part 4 of the Social Welfare and Pensions Act 2011 comes into operation,

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