Designated Professional Body

The rules about what constitutes Regulated Activities can be found in:

• The Regulated Activities Order (Statutory Instrument 2001, No 544) as amended, and
• The Non-Exempt Activities Order (Statutory Instrument 2001, No 1227) as amended.

As a DPB, the IFoA is able to licence certain actuarial firms to carry out some restricted activities without the firms necessarily being authorised by the Financial Conduct Authority (FCA), providing they obtain a DPB licence from the IFoA

As well as granting licences, the IFoA's DPB Board issues guidance to authorised firms and deals with any complaints about firms acting under a DPB licence.

The Board maintains a DPB Handbook which contains the rules of the regulatory regime. Compliance Bulletins are also available which provide news and updates about the DPB regime.

The DPB Board has published a guide to explain how the licence regime operates.