The Actuarial Society of Finland

Code of Professional Conduct for Actuaries Adopted by Full Members

1. An actuary shall perform professional services with integrity, skill and care. He shall fulfil his professional responsibility to his client or employer and shall not act against public interest.
2. An actuary shall act in a manner to uphold the reputation of the actuarial profession. He shall avoid publicity that might lead to undue or unfair professional advantage, that cannot be substantiated or that is of a misleading nature.
3. An actuary shall perform professional services with courtesy and shall co-operate with others serving his client or employer. He must treat client information with confidentiality.
4. An actuary shall perform professional services only if he is competent and appropriately experienced to do so.
5. An actuary is responsible for maintaining applicable practice standards in his work. He must take into account any relevant Guidance Notes issued or endorsed by The Actuarial Society of Finland.
6. An actuary shall, in communicating his professional findings, show clearly that he is the source of the findings and that he is available to provide the client or employer with supplementary information and explanation about scope, methods and data.
7. An actuary shall, in communicating his professional findings, identify the client for whom these findings are made and in what capacity the actuary serves.
8. An actuary shall not perform professional services involving an actual or potential conflict of interest, unless the actuary´s ability to act fairly is unimpaired and there has been full disclosure of the actual or potential conflict.
9. When an actuary is asked to take on professional services previously provided by another actuary, he shall consider whether it is appropriate to consult with the previous provider of the professional service to ensure that it is suitable for him to take on this new responsibility.
10. An actuary performing consulting work shall disclose, in writing and timely, to his client all sources of income related to any service on behalf of the client.
11. An actuary shall be subject to the disciplinary procedures prescribed in the rules of The Actuarial Society of Finland, and, subject to the right of appeal within those rules, shall accept any judgement passed, or the decision of any appeal procedure.

Updated 10 Apr 2008

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