Part VIIControl of Business Transfers

113Appointment of actuary in relation to reduction of benefits

(1)This section applies if an order has been made under section 111(1).

(2)The court making the order may, on the application of the Authority, appoint an independent actuary—

(a)to investigate the business transferred under the scheme; and

(b)to report to the Authority on any reduction in the benefits payable under policies entered into by the authorised person concerned that, in the opinion of the actuary, ought to be made.