On 19 May 2022 the Disciplinary Tribunal Panel considered a charge of misconduct against Mr Liyaquat Khan (the respondent). This was a hearing in the absence of the respondent.
The IFoA’s charge was that he failed to comply with the requirements of the Continuing Professional Development (CPD) Scheme 2017/2018, in that he failed to provide evidence of the CPD activities completed during the 2017/2018 CPD year when asked to do so and did not fully engage with and/or adequately respond to communications from the IFoA’s Membership Department on the matter. It was further alleged that he did not comply with the requirements of the CPD Scheme 2018/2019, in that he failed to demonstrate that he had undertaken the appropriate minimum amount of Professional Skills Training or to submit a written request for exemption, and did not fully engage with and/or adequately respond to communications from the Membership Department on the matter.
The respondent allegedly failed to fully co-operate with the investigation of the allegations, in that he failed to supply information, evidence and/or explanations when requested to do so by the case manager, in breach of Rule 4.15 of the IFoA’s Disciplinary and Capacity for Membership Schemes (effective 1 February 2018). His actions were alleged to be in breach of the compliance principle of the Actuaries’ Code (version 3.0).
The panel found all elements of the charge proved and that they constituted misconduct. It determined that the most appropriate and proportionate sanction was a reprimand and a fine of £2,000.