The UK Practice Modules are offered in each of the Specialist Applications subjects to test knowledge of UK business practice, legislation, regulation and professional guidance notes. Each module is in two parts: the first part is generic to all modules and covers fundamental knowledge of FSA regulation. The second part is subject specific.

A pass in one of the modules is not required for award of the Fellowship qualification but is required to practise in the UK in a reserved role i.e., as an Actuarial Function Holder, With-Profits Actuary, Reviewing Actuary, Peer Reviewer, Scheme Actuary or Lloyd's Syndicate Actuary.

Any Fellow or student, who has passed a 400 Series Paper One, or its earlier equivalent, will be exempt from taking the UK Practice Module.

It is recommended that the UK Practice Module is taken at the same time as the corresponding Specialist Applications paper. The Core Reading for the Specialist Applications paper will be appropriate for the subject specific part of each module. There is additional Core Reading to cover the generic part of each module.

We strongly recommend that every UK based student taking a Specialist Applications paper takes the relevant UK Practice Module at the same time and that new qualifiers who have not passed, or been exempted from, a UK Practice module, while doing the examinations for fellowship, sit the relevant Practice Module within 18 months of qualifying.

It should be noted that if you move into a different practice area you will need to take the relevant Practice Module for that area if you require a Practising Certificate.

Consultation paper [pdf]
Paper from the Professional Competence Task Force giving more details.

Each module will be tested by a one and a half hour multiple choice online exam. Candidates may enter at any time throughout the year. There are no restrictions on the number of attempts that candidates may have at each subject but there is a period of 4 weeks before a further attempt can be made.

Each sitting of the UK Practice Modules online must be taken under exam conditions and supervised by a Fellow of the Institute or Faculty of Actuaries. These exams are no longer offered at our exam centres and students must provide details of their intended supervisor as part of their exam entry application. Please see the following document for further details:

• Instructions for supervisors

Students that have entered for the exams will be issued with a unique access code. This code is only valid for one sitting and students will need to submit a new exam entry application for each further attempt as required. Please note that no refunds can be provided for UKPM entry payments.

• Instructions for examination candidates
• UKPM Online entry form

The pass lists will be published on the last day of each month, or the next working day, for the period of the 21st of the previous month to the 20th of that month, eg the results for 21st March - 20th April will be published on 30th April, or the next working day.

For any enquiries, please contact the Exams Teams by email examinations@actuaries.org.uk or the Exam Hotline Tel: +44 (0)1865 268 259.