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Tuesday 24 February 2015 09:00 - 10:00

To gather feedback on their recently published consultations "Joint Forum on Actuarial Regulation: A Risk Perspective" and a new framework for Technical Actuarial Standards (TAS's) the FRC will present explaining the background to the consultations, with break-out table discussions on risks where actuarial work is relevant followed by discussions and a question and answer session on the new framework for Technical Actuarial Standards.

The Joint Forum on Actuarial Regulation ("JFAR") was established in 2013 by the Financial Reporting Council, the Institute and Faculty of Actuaries, the Financial Conduct Authority, the Pensions Regulator and the Prudential Regulation Authority. The JFAR is a unique collaboration between regulators to co-ordinate, within the context of its members' objectives, the identification of and response to public interest risks to which actuarial work is relevant.

The FRC, with support of its JFAR partners has published "Joint Forum on Actuarial Regulation: A Risk perspective" to seek wider input at this preliminary stage on the JFAR's analysis.

The FRC has also recently published a consultation on a new framework for Technical Actuarial Standards (TASs). The proposals in the consultation include:

  • The introduction of a new FRC actuarial standard (Technical Actuarial Standard 100: Principles for Actuarial Work "TAS 100") which includes high-level principles applicable to all actuarial work - TAS 100 will in time replace the FRC's Generic TASs and it is proposed that TAS 100 would come in to effect from 1 January 2016; and
  • A review of the scope and content of the FRC's Specific TASs which will take account of feedback on the Risk perspective.

CPD

CPD
1.00 hours

The FRC will present explaining the background to the consultations, with break-out table discussions on risks where actuarial work is relevant followed by discussions and a question and answer session on the new framework for Technical Actuarial Standards.

Location

Address

Deloitte, 1 City Square, Leeds, LS1 2AL

Nearest Public Transport

Leeds station