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Pension Resource

20 C.F.R. § 901.31

Grounds for suspension or termination of enrollment.
CFR 2011 annual edition (revised as of 2011-04-01) · superseded Apr 1, 2012
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(a) Failure to satisfy requirements for enrollment. The enrollment of an actuary may be terminated if it is found that the actuary did not satisfy the eligibility requirements set forth in §§ 901.12 or 901.13, whichever is applicable.
(b) Failure to discharge duties. The enrollment of an actuary may be suspended or terminated if it is found that the actuary, following enrollment, failed to discharge his/her duties under ERISA. Such duties include those set forth in § 901.20.
(c) Disreputable conduct. The enrollment of an actuary may be suspended or terminated if it is found that the actuary has, at any time after he/she applied for enrollment, engaged in any conduct set forth in § 901.13(e)(1)(i)-(vi) or other conduct evidencing fraud, dishonesty, or breach of trust. Such other conduct includes, but is not limited to, the following:
(1) Conviction of any criminal offense under the laws of the United States (including section 411 of ERISA, 29 U.S.C. 1111), any State thereof, the District of Columbia, or any territory or possession of the United States, which evidences fraud, dishonesty, or breach of trust.
(2) Knowingly filing false or altered documents, affidavits, financial statements or other papers on matters relating to employee benefit plans or actuarial services.
(3) Knowingly making false or misleading representations, either orally or in writing, on matters relating to employee benefit plans or actuarial services, or knowingly failing to disclose information relative to such matters.
(4) The use of false or misleading representations with intent to deceive a client or prospective client, or of intimations that the actuary is able to obtain special consideration or action from an officer or employee of any agency or court authorized to determine the validity of pension plans under ERISA.
(5) Willful violation of any of the regulations contained in this part.
§ 901.31, Nt.

Effective Date Note:

At 76 FR 17776, Mar. 31, 2011, § 901.31 was amended by revising paragraphs (a) and (c) introductory text, effective May 2, 2011. For the convenience of the user, the revised text is set forth as follows:

§ 901.31 Grounds for suspension or termination of enrollment.

(a) Failure to satisfy requirements for enrollment. The enrollment of an actuary may be terminated if it is found that the actuary did not satisfy the eligibility requirements set forth in § 901.11 or § 901.12.

(c) Disreputable conduct. The enrollment of an actuary may be suspended or terminated if it is found that the actuary has, at any time after he/she applied for enrollment, engaged in any conduct set forth in § 901.12(f) or other conduct evidencing fraud, dishonesty, or breach of trust. Such other conduct includes, but is not limited to, the following:

20 C.F.R. § 901.31 — Grounds for suspension or termination of enrollment. · CFR 2011 annual edition (revised as of 2011-04-01) · https://pensionresource.website/EAMain?content=EAMain.Law&id=cfr20-901.31&asof=2011-04-01 · printed Oct 16, 2026
On this page
  • (a) Failure to satisfy requirements for enrollment.
  • (b) Failure to discharge duties.
  • (c) Disreputable conduct.
Implements
ERISA § 3042 (29 U.S.C. § 1242) Enrollment by Board; standards and qualifications; suspension or termination of enrollment
Guidance addressing this section

No documents are primarily about this section.

Also cited in 2 other documents
Joint Board
Final Rules
  • 76 FR 17762 Mar 31, 2011 — Regulations Governing the Performance of Actuarial Services Under the Employee Retirement Income Security Act of 1974
IRS / Treasury
Proposed Rules
  • REG-159704-03Proposed Nov 16, 2009 — Proposed regulations contain proposed amendments to 20 CFR part 901 relating to the enrollment of actuaries under section 3042 of the Employee Retirement Incom…

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Each row is a version of the text as published by the official source. Code dates are the edition/release point that first reflected the change; regulation dates are eCFR effective dates. The library checks the official sources automatically, so new versions appear here on their own; “run” opens the sync that recorded a version.

EffectiveThroughSourceAmended by
Apr 1, 1997Mar 31, 2011CFR 2010 annual edition (revised as of 2010-04-01) run 127View
Apr 1, 2011Mar 31, 2012CFR 2011 annual edition (revised as of 2011-04-01) run 127View · Redline (sign in)
Apr 1, 2012currenteCFR amendment effective 2016-10-18 run 276 FR 17776, Mar. 31, 2011View · Redline (sign in)
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