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07

Adjudication panel decison 

Open-access content Tuesday 10th July 2018 — updated 5.50pm, Wednesday 29th April 2020

On 31 May 2018, the Adjudication Panel considered an allegation of misconduct against Mr Zee Jiun Low, FIA (“the Respondent”).

Specifically, it was alleged that he failed to comply with the Continuous Professional Development (CPD) requirements of the 2016/2017 reporting year, in that he failed to record online the appropriate minimum amount of CPD. In so doing it was alleged that his actions were in breach of the integrity and compliance principles of the Actuaries' Code (the Code). It was further alleged that the Respondent failed to engage with or respond to communications from the Membership Department of the Institute and Faculty of Actuaries (IFoA) on the matter of CPD for the 2016/2017 reporting year. In so doing it was alleged that his actions were in breach of the integrity, compliance and communication principles of the Code.

Numerous emails were sent, reminding him of the possible consequences of non-compliance. The Respondent did not reply or take action to comply with the requirements. After being notified that matters were being referred under the Disciplinary Scheme, the Respondent advised that the registered email address was not his primary address and he was no longer staying at the address he had registered. As such he may have missed a lot of IFoA communications. He stated that he had not had a chance to update his CPD records. He later submitted an activity log which was accepted by the head of membership as compliant.

The Panel determined that the Respondent's actions were in breach of the compliance principle, but did not breach the integrity or communication principles. The panel determined that there was a prima facie case of misconduct and it imposed a reprimand and £750 fine. In considering sanctions, the Panel considered the nature and extent of the misconduct and decided that, while serious, the Respondent's actions were due to a series of oversights and unlikely to be repeated.

A copy of the Panel's full determination can be found on the IFoA's website at bit.ly/1OgDqKy

This article appeared in our July 2018 issue of The Actuary.
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