​The Commission has issued a draft guidance note on actuarial standards and requirements to clarify the existing requirements currently in the insurance laws, regulations and in other guidance applicable to insurance licensees.  This guidance note is intended to satisfy an IMF recommendation in connection with IAIS core principle 1.

Draft Guidance Note on Actuarial Standards and Requirements

Please submit any comments on the draft note to John Dunford (jdunford@gfsc.gg) by 27 October 2011.