CTRL 1.2.15 What is the actuarial function?

The actuarial function for an authorised firm is the function of being responsible for:

(a) the firm’s actuarial policies, procedures and controls; and
(b) overseeing and reviewing the firm’s implementation of, and its compliance with, those policies, procedures and controls.
Note For more on the actuarial function, see Part 6.5.

 

Derived from QFCRA RM/2020-4 (as from 1st July 2021)