Regulatory Alerts2020-05-14
Order on the Responsible Actuary in Company Pension Funds
The Danish Financial Supervisory Authority issued this order to regulate the appointment, qualifications, and reporting obligations of the responsible actuary in company pension funds. It mandates specific educational and professional experience requirements, including a minimum of five to six years of relevant practice, and requires the board to define the actuary's role and duties. The regulation further establishes strict protocols for the annual actuarial report and the actuary's annual statement to the authority, including sensitivity analyses and solvency assessments.
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