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The Actuary The magazine of the Institute & Faculty of Actuaries
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Generic Reporting Standard consultation

The Board for Actuarial Standards (BAS) published a further exposure draft of the Generic Reporting Standard (TAS R) on 5 March, together with an analysis of the responses to the first exposure draft. The content has not changed significantly, but there are changes in the structure and style of TAS R. At the same time, BAS is consulting on a proposed change to the scope of its generic TASs, in order to apply them from their commencement date to all Reserved Work as defined in BAS’ Scope & Authority documentation. These proposals would result in TAS R applying to all Reserved Work in progress on, or started after, 1 April 2010.
The consultation period ends on 29 May 2009 and copies of the exposure draft can be downloaded at www.frc.org.uk/bas/publications/pub1883.html