In April, the BAS published an exposure draft of the generic reporting standard and a consultation paper on the structure of new BAS standards. The latter sets out proposals for the contents of the new book of standards, the treatment of the Guidance Notes that were adopted from the Profession, and a timetable for implementation.

The BAS currently has four open consultations:

• Exposure drafts of the Conceptual Framework and Scope & Authority (closes 23 May)
• Discussion paper on actuarial mortality assumptions (closes 20 June)
• Exposure draft of the generic reporting standard (closes 18 July)
• Consultation paper on the structure of new BAS standards and implications for adopted GNs (closes 18 July)

All BAS consultation papers are available at http://www.frc.org.uk/bas/publications/consultation.cfm.

BAS staff will be presenting a workshop on current BAS issues at the Pensions Convention in June.

The FRC is planning to publish a consultation paper on the drivers of actuarial quality later this month. The POB is planning to publish a paper on the monitoring and scrutiny of actuarial work at the same time.

To receive direct notification of BAS, POB and other FRC events and publications, register at http://www.frc.org.uk/bas/register.cfm.