(Revised July 2007)

1. The assessments for the UK Practice Modules consist of the following subjects: P0: Generic UK Practice Half Module
P1: Health and Care UK Practice Module
P2: Life Insurance UK Practice Module
P3: General Insurance UK Practice Module
P4: Pensions and other Benefits UK Practice Module
P5: Finance UK Practice Module
P6: Investment UK Practice Module

2. To practise in a reserved role in the UK a Fellow or Associate must have passed the appropriate UK Practice Module(s) or the earlier equivalent subjects.

3. The assessments will be conducted in such places, at such times and under such conditions as the Councils may prescribe.

4. A candidate for assessment at any place in the United Kingdom or the Republic of Ireland, must submit the entry form so that it shall reach the Registry at least four weeks before the start of the assessments. A candidate for assessment at any place outside the United Kingdom or Republic of Ireland must submit the form so that it shall reach the Registry at least eight weeks before the start of the assessments.

5. At the time of submitting the entry form the candidate must pay the relevant fee. The entry will not be accepted unless the candidate has paid all entrance fees, subscriptions, and assessment fees that may be due, and has complied with the requirements of the Bye-laws and of these Regulations. If, after payment of the fee, the candidate withdraws his/her name or fails to present himself/herself from any cause other than sickness (which must be proved by a medical certificate), no part of the fee will be returned or carried forward.

6. Success or failure in any subject will be determined independently of performance in any other subject.

7. Copies of actuarial tables, including a list of standard formulae, will be available to candidates in the examination room. Candidates may use electronic calculators in all the examinations subject to the following conditions:

• Candidates must provide their own calculators.
• The following calculators are permitted with effect from the 2008 examinations:
  • Casio FX85ES
  • Hewlett Packard HP9S
  • Hewlett Packard HP12C Platinum
  • Sharp EL531WB
  • Texas Instruments BA II Plus
  • Texas Instruments TI-30XIIB
• Any stored data and/or stored program facilities must be cleared before the calculator is taken into the examination room.
• No extra time will be allowed for candidates who do not use calculators or whose calculators break down in the course of the examination.

8. Mobile phones and any other means of external communication must be switched off while candidates are in the assessment room.

9. Any candidate who, in the opinion of the Board of Examiners, has been guilty of misconduct in connection with an assessment shall, in the discretion of the Board of Examiners:

(a) be disqualified from that assessment
(b) be disqualified from sitting any further assessment until a complaint of misconduct has been determined under the Disciplinary Scheme of the Faculty and Institute or, in the case of a Faculty student, he/she has been the subject of a decision by the Faculty Council whether he/she should be removed from the Faculty’s Roll.

Any student who is found guilty of misconduct in connection with an assessment under the Disciplinary Schemes of the Faculty and Institute or, in the case of a Faculty student, he/she has been the subject of a decision by the Faculty Council that he/she should be removed from the Faculty’s Roll may have any existing examination passes removed.

Examples of misconduct are:

• the giving or receiving of any unauthorised assistance of any kind during the assessment;
• gaining access to the assessment questions before the assessment;
• looking at or copying from another candidate’s paper;
• bringing unauthorised material into the assessment room;
• disturbing other candidates during the assessment.

This list is not intended to be exhaustive.

10. The names of successful candidates in each assessment will be published in alphabetical order. Separate pass lists will be issued for the Institute and the Faculty.

11. Candidates requiring special facilities because of disabilities must apply for these facilities when submitting their entry form although subsequent applications may be considered in exceptional circumstances.

12. Applications for special consideration by the Board of Examiners e.g. because of illness immediately before or during an assessment, will only be considered if they are submitted within one week of the assessment to which they relate; they cannot be considered once the pass list has been issued. In the case of sickness, such applications must be supported by medical evidence.

13. An application to enter any of the assessments will be regarded as an agreement by the candidate that all written replies to assessments are the property of the Faculty or of the Institute and will not be returned to the candidate.

14. The marking of assessments and the results of such marking are final and binding for all candidates and the Faculty and the Institute need not enter into any correspondence about the results of individual candidates with the candidates themselves, their training officer, their employers, their parents or any other persons or organisation claiming interest, except as required under the Data Protection Act.

15. If your attempt to sit an examination paper(s) is suspended, cancelled or otherwise nullified (whether before, during or after the examination sitting itself) the Profession will waive the fee for your next attempt at that paper(s). The Profession reserves the right to decide not to reschedule any examination or to provide any compensation.