111Appointment of auditor and actuary for approved scheme

111 Appointment of auditor and actuary for approved scheme (1) The trustees of an approved scheme must appoint— (a) an auditor for the scheme; and (b) an actuary for the scheme. Note For the making of appointments (including acting appointments), see (2) Within 6 weeks after a person stops being the auditor or actuary for an approved scheme, the trustees must appoint someone else to be auditor or actuary. (3) A person may only hold an appointment as auditor or actuary for an approved scheme if— (a) the Minister has approved the appointment and its terms; and (b) the approval has not been revoked. (4) The appointment of a person as auditor or actuary for an approved scheme cannot take effect while an appointment of someone else in that position is current.