The ASHK Council called an Extraordinary General Meeting (EGM) on 21 January 2016 to seek members' approval on the adoption of new CPD requirements. The proposed resolutions as set out in the EGM Notice have been duly passed by way of poll. This CPD By-Law therefore serves as the new CPD requirements starting from calendar year 2016 and applies to all non-retired Fellow and Associate members of the ASHK.
In addition, Institute and Faculty of Actuaries (IFoA)'s Regulation Board has recognised the ASHK's CPD Scheme as equivalent to the IFoA's CPD arrangements and added our Scheme to their list of recognised International Actuarial Association bodies in Schedule 5 of the IFoA's 2016/2017 CPD Scheme.
CPD Declaration Form
Completed CPD Declaration Form should be sent to Actuarial Society of Hong Kong by end of every calendar year:
Address: 1803 Tower One, Lippo Centre, 89 Queensway, Admiralty, Hong Kong
▪Professional Standard 1 (PS1) (Issued on 14 April 1993): This standard relates to the statutory duties of an actuary in relation to life insurance companies. In particular it is for:
• actuaries appointed pursuant to Section 15 of the Insurance Companies Ordinance of Hong Kong; • the actuary as a director or in any other position of authority in relation to an insurance company; • the actuary as an external advisor or assessor.
▪Professional Standard 2 (PS2)(Revised on and effective 23 December 2015): 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).