Download Professional Standards (PS)
This Professional Standard sets out the requirements for Fellow Members of the Actuarial Society of Hong Kong (“Members”) carrying out the roles of:-
- An actuary under section 15AAA(1)(a) or (b) of the Insurance Ordinance (Cap. 41) (“the Ordinance”) of an authorized insurer carrying on long term business, being referred to herein as “Appointed Actuary”;
- An actuary under section 15AAA(1)(c) or (d) of the Ordinance of an authorized insurer carrying on general business, being referred to herein as “Certifying Actuary”
Effective on 1 January 2025
This standard applies to the preparation of actuarial certificates as required under Sections 15(e), 31(2) and 32(2)(b) of the Ordinance, as stipulated in section 2 of the Occupational Retirement Schemes (Preparation of Actuarial Certificates) Rules (Cap. 426 sub leg. H) and in accordance with Section 2 of the Occupational Retirement Scheme (Periodic Certification of Registered Defined Benefit Schemes) Rules (Cap. 426 sub leg. I).
Revised on and effective 23 December 2015
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