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The Actuary The magazine of the Institute & Faculty of Actuaries

Consultation on the Actuaries’ Code

A meeting to discuss the latest drafts of the Actuaries’ Code and the supporting Actuarial Profession (AP) Standards which will replace the PCS, will take place on 3 June 2008 at Staple Inn, High Holborn, London, from 5–7pm. Please confirm your attendance by e-mail to code@actuaries.org.uk

Following the first round of consultation, the Code and first five AP Standards have been restructured into a more compact style based on the five core principles of Conduct, Competence, Client Interests, Compliance and Communication. The context in which they should be interpreted, that of serving the public interest, has been emphasised in the preamble.

The formal deadline for feedback is Friday 11 July, although it would be of considerable assistance if all comments were submitted by the end of June. The target date for when these would come into effect is 1 October 2008.

The drafts can be accessed at www.actuaries.org.uk/regulation/ed10_15.pdf and all comments and views should be addressed to code@actuaries.org.uk