There are 2 things

T + A (technical standards and actuarial code of conduct)

Must use example

Institute of actuaries set out requirement relating to professional conduct in its Actuaries code of conduct

Technical standards

users able to rely on advice given by actuaries

Actuarial code covers (4 main things) ...

4 C's and E

C

communication of inv results + act with integrity

C

competence/skill of actuary to provide advice

C

comply with reg

C

conflict of interest avoided

E

Ethical standards outlined

General aim of framework

RRR

RRR

Role, reputation, recognition of actuaries