On Actuarial Activity Federal Standard ‘General Requirements for Actuarial Activities’

In compliance with Articles 10 and 17 of Federal Law No. 293-FZ, dated 2 November 2013, ‘On the Actuarial Activities in the Russian Federation’, the Actuarial Activity Board developed and approved the federal standard ‘General Requirements for Actuarial Activities’ based on international standards of actuarial activities adopted by the International Actuarial Association (hereinafter the Federal Standard).

The Federal Standard stipulates general requirements for the procedure for performing actuarial activities, including the preparation by an actuary for executing tasks, using information, as well as reporting on the results of the actuarial activities.

The Federal Standard is agreed upon by the Bank of Russia and becomes effective 10 days following its official publication in the Bank of Russia Bulletin.

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