Regulation

The aim of our regulatory regime is to enhance the quality of actuarial reporting and promote the integrity, competence and transparency of the Institute and Faculty of Actuaries to the benefit of those who rely on actuarial advice.

Interested in NEW regulatory developments?

Please visit our Hot Topics page for more information.

For regulatory queries, please contact Fiona Goddard.

 

About our regulatory regime

The Financial Reporting Council (FRC) is the UK's independent regulator and is responsible for promoting confidence in corporate governance and reporting. The FRC reviews our regulatory activities which include education, training, CPD, ethical standards, professional conduct, discipline, practising certificates and monitoring. 

The FRC is responsible for setting technical actuarial standards and we are responsible for setting and maintaining ethical standards. Members must comply with these standards. You can view current versions of our professional standards and find links to the FRC's standards at the Professional Standards Directory. If members have a query about any aspect of actuarial guidance, you can view details of our fully confidential Professional Support Service.

Additionally, members must comply with the requirements in our Charter, Bye-laws, Rules and Regulations. 

Diagrams illustrating how our constitutional and regulatory framework operates in practice can be found by clicking on the titles below:

 

Regulatory Strategy 

Our watershed regulatory document is our Regulatory Strategy.  Intended as "A Position Paper and Framework for Implementation", the paper seeks both to define the Profession's regulatory role and to propose some principles which will inform its regulatory policy.  A shorter policy paper has also been produced for quick reference.

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Page updated: 30 April 2013