The Disciplinary and Capacity for Membership Schemes sets out the appointment structure, the procedures for investigations and hearings, and the definition of misconduct.
For information regarding the Capacity for Membership Process please see this information note.
The Scheme defines misconduct as:
any conduct by a Member, whether committed in the United Kingdom or elsewhere, in the course of carrying out professional duties or otherwise, constituting failure by that Member to comply with the standards of behaviour, integrity, competence or professional judgement which other Members or the public might reasonably expect of a Member having regard to the Bye-laws of the Institute and Faculty of Actuaries and/or to any code, standards, advice, guidance, memorandum or statement on professional conduct, practice or duties which may be given and published by the Institute and Faculty of Actuaries and/or, for so long as there is a relevant Memorandum of Understanding in force, by the FRC (including by the former Board for Actuarial Standards) in terms thereof, and to all other relevant circumstances.
The Disciplinary Board issues guidelines to support the effective operation of the Scheme
|Indicative Sanctions Guidance Note||30 August 2016|
|1 August 2011|
|1 August 2010|
|Guidelines for Panel Members on the Civil Standard of Proof||1 August 2010|
|Time Frames for Investigations and Proceedings under the Disciplinary Scheme||17 November 2017|
|Guidelines on the Maximum Fine at Adjudication Stage||1 April 2010|
|Supplementary Guidelines on the Imposition of Sanctions in CPD Infringement Cases||21 December 2016|
|Guidelines on the Imposition of Sanctions Involving a period of Education, Retraining, and/or Supervised Practice||21 December 2016|
|Publications Guidance policy||5 October 2017|
|Guidelines for Disciplinary Tribunal Panels and Appeal Tribunal Panels on the Award of Costs||21 December 2016|
|Writing Determinations Guidance policy||17 November 2017|
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If you have any questions about the disciplinary process, please email