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The Actuary The magazine of the Institute & Faculty of Actuaries

Professional Standards directory — update 24

The Professional Standards Directory can be found at http://tinyurl.com/6ae5zg6. It is designed to permit members and others to access the current Board for Actuarial Standards’ (BAS) standards together with the current version of the Actuarial Profession Standards (APSs).

Update 24 was issued to members on 
1 September 2011.

The Actuarial Profession has published 
two new APSs, which are effective from 
1 October 2011. Version 1 of APS L1: Duties and responsibilities of life assurance actuaries can be found at http://tinyurl.com/6fevfec and Version 1 of APS L2: The Financial Services and Markets Act 2000 (Communications by Actuaries) Regulations 2003 can be found at http://tinyurl.com/6hm3vo4

Coinciding with this date, BAS will withdraw a number of adopted GNs as the Insurance TAS, the Transformations TAS and the Funeral Plans TAS come into effect on 
1 October. The Professional will also withdraw GN39 and GN42, which are to be replaced by APS L1, and GN37, which is replaced by APS L2.