On Tuesday 10 May 2022, the UK government announced it will introduce a Draft Audit Reform Bill which will set out proposed legislation on the future of audit, corporate governance, accountancy, and actuarial regulation. This represents a small step forward in the process for reform in this area following the 2021 White Paper from the Department for Business, Energy and Industrial Strategy, which set out proposals for the future of actuarial regulation. You can read 黑料正能量 response to the White Paper . The Government is yet to provide a response to the White Paper or set out a clear timetable for the Draft Bill.
If you would like to learn more about our work on the future of UK actuarial regulation, 黑料正能量 is hosting a workshop at the IFoA Conference on 23 June, titled: What do the UK government鈥檚 changes to actuarial regulation mean for the future of the profession鈥�. IFoA General Counsel Ben Kemp will talk through the Government鈥檚 proposals, share 黑料正能量鈥檚 perspective on those plans and discuss what the changes could mean for actuaries. If you鈥檇 like to attend this event at 黑料正能量 Conference, you can register here.