Actuaries in respect of section 37 of Act
3.—(1)  For the purposes of section 37 of the Act, the Authority may approve —
(a)any person who is a Fellow of any of the institutes specified in the First Schedule as an actuary for the purposes of any investigation referred to in section 37(1)(a) of the Act; and
(b)any person who is a Fellow of any of the institutes specified in the Second Schedule as an actuary for the purposes of any investigation referred to in section 37(1)(b) of the Act.
(2)  Nothing in paragraph (1) shall prevent the Authority from approving any other person as an actuary for the purposes of section 37 of the Act.