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The Actuary The magazine of the Institute & Faculty of Actuaries

Exposure draft ED23 of AP standard D1

Review of GN35, issued for comment by 25 August

The Actuarial Profession has undertaken a review of GN35 ‘Investment-related business activities’, which was last revised in October 2003. The resulting AP standard is now issued under the standards approval process as ED23 for comment.

GN35 will be withdrawn to coincide with the introduction of the new standard, which is expected to be effective from 1 October 2009.

The Information and Assistance Note (IAN), ‘The actuary & activities regulated under FSMA 2000’, which contains references to APS D1, will come into effect at the same date.

ED23 can be accessed on the Profession’s website at http://www.actuaries.org.uk/exposure_drafts/ed23. The related IAN can be accessed at http://www.actuaries.org.uk/IAN/IAN_ActivitiesRegulatedFSMA

Any comments on the draft AP standard should be addressed to Fiona Goddard, professional regulation manager, The Actuarial Profession, Maclaurin House, 18 Dublin Street, Edinburgh EH1 3PP or by e-mail to fiona.goddard@actuaries.org.uk. The formal deadline for feedback is 25 August.