1. Actuaries registered with the Authority at the time these Regulations come into force shall regularize their positions thereunder within one year from the date these Regulations take effect, or otherwise, the registration of those who fail to regularize shall be deemed cancelled.
    
2. Companies carrying out the business of property and liability insurance shall appoint or accredit an Actuary licensed and registered by the Authority, in accordance with the Financial Instructions issued by the Authority.

The Ministerial Resolution No. (22) of 1985 issued by the Ministry of Economy and (the amendments thereof) Concerning the Conditions and Procedures for Registration of Actuaries shall be repealed.

The Authority shall collect the prescribed fees for the procedures and services it provides in accordance with the provisions of the Law, Regulations, Instructions or Decisions issued by the Authority.

The Director General shall issue decisions and circulars as required for the implementation of these Regulations.

These Regulations shall be published in the Official Gazette and shall come into force in the day following the date of publication thereof.