Regulatory clarification and enforcement relaxation permit interpretative guidance and reasoned departures from strict compliance on fee-paid applications. The Authority may issue guidance notes or circulars to clarify difficulties arising in the application or interpretation of the Appointed Actuary ... Summary
Regulatory clarification and enforcement relaxation permit interpretative guidance and reasoned departures from strict compliance on fee-paid applications.
The Authority may issue guidance notes or circulars to clarify difficulties arising in the application or interpretation of the Appointed Actuary Regulations. It may also relax strict enforcement of any provision on a fee-supported application, provided it records the reasons for granting the relaxation in writing.
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