[Skip to content]

Sign up for our daily newsletter
The Actuary The magazine of the Institute & Faculty of Actuaries
.

Determination report for Adjudication Panel: Mr Dmitri Gott

On 19 August 2010 the Adjudication Panel considered a complaint that the Respondent:
1. For the CPD year 1 July 2008 to 30 June 2009 failed to declare the appropriate CPD Category as required by the Actuarial Profession and set out in the CPD Scheme contained with the CPD Handbook 2008/2009 at pages 9 and 13;
2. For the CPD year 1 July 2008 to 30 June 2009 he failed to maintain an online record of CPD undertaken as required by the Actuarial Profession and set out in the CPD Handbook 2008/2009 at pages 10, 11, 14 and 25.
In failing to do any or all of the above he failed to maintain and observe the standards of conduct expected of a member, in breach of paragraphs 1.2 and 2.1 of version 3.0 of the Professional Conduct Standards and in any event constituting misconduct in terms of Rule 1.6 of the Disciplinary Scheme of the Faculty of Actuaries, being conduct falling below the standards of behaviour, integrity, competence or professional judgement which other members or the public might reasonably expect of a member.

Determination
Having considered the case report and the appendices submitted by the Investigating Actuary, the Panel determined that the case report disclosed a prima facie case of misconduct and that the Respondent should be invited to accept the following sanctions in accordance with rule 4.4(a)(i) of the Faculty’s Disciplinary Scheme.
- A reprimand
- A fine of £400.
The Panel’s reasons were as follows:
1. The Respondent had clearly failed in his obligation to declare his CPD category and record his CPD online under the CPD scheme despite numerous reminders. The Respondent admitted his failure to comply with the requirements and that this was due to his failure to keep the Faculty informed of his contact details. The Respondent co-operated fully with the investigation and apologised immediately.
2. Despite the Respondent’s failure to declare the appropriate CPD category and to maintain an online record of CPD undertaken the Panel were satisfi ed by the evidence of the Respondent to demonstrate that he had completed sufficient CPD for the year in question.
3. The Profession acts in the public interest in enforcing the CPD scheme to ensure that all actuaries are practising to the highest standards. CPD enforcement is considered necessary to maintain public confidence in both the Profession and in the work of actuaries.
4. The Panel saw no reason to deviate from the Disciplinary Board guidance in applying a £200 fine in respect of each of the allegations.