Regulatory Alerts2006-08-02
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Ordinance No. 31 of 02.08.2006 on Conditions and Procedures for the Actuarial Exam and Recognition of Competence
The Commission for Financial Supervision issues Ordinance No. 31 to regulate the conditions, procedures, and requirements for the actuarial examination and the recognition of competence for responsible actuaries in Bulgaria. The regulation defines the structure of the exam, including basic and specialized modules, and establishes 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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