Regulatory Alerts2006-08-02
Ordinance No. 31 of 02.08.2006 on the Conditions and Procedure for Conducting the Exam and Recognizing the Competence of a Responsible Actuary
The Commission for Financial Supervision issues Ordinance No. 31 to regulate the examination process, qualification requirements, and recognition of competence for responsible actuaries in Bulgaria. The ordinance establishes the structure of the exam, including a basic module and three specialized modules, and defines the criteria for granting full or partial professional competence in insurance and pension sectors. It further mandates the specific formats for actuarial certifications, reports, and annual actuarial statements under the Insurance Code and Social Security Code.
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