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The Actuaries' Code Principle 4 - Compliance

Principle 4 - Compliance 

4. Members must comply with all relevant legal, regulatory and professional requirements.

4.1   Members must take reasonable steps to ensure they are not placed in a position where they are unable to comply.

4.2   Members must, as soon as reasonably possible, disclose to the Institute and Faculty of Actuaries any conviction, adverse finding, judgement or disqualification of the type referred to in rules 4.8 to 4.11 of the Disciplinary and Capacity for Membership Schemes of the Institute and Faculty of Actuaries to which they are subject.

The principle of Compliance entails abiding by and applying all legal, regulatory and professional requirements. Members have to investigate which requirements apply to their piece of work and themselves and keep abreast of any changes.

Find out more in our Guidance on the Comliance Principle of the Actuaries’ Code. You can read the Guidance online, download a copy, or view the questions below which will take you to the corresponding part of the Guidance:

What is Compliance?

What do I need to comply with?   

What laws, regulations etc. do I need to be aware of?

Applying the principle to your work

Do my duties differ if I’m working for entities in difference global locations?

My duties to comply with the Code seem to conflict with my legal obligations, what can I do?


Contact Details

For further information contact:

Regulation Team, The Institute and Faculty of Actuaries, Level 2, Exchange Crescent, 7 Conference Square, Edinburgh, EH3 8RA

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