FAQ
Where can I find the Rules?
You can find the full text of the Rules of Professional Conduct, which includes definitions and annotations that help clarify and interpret the Rules here.
Who is expected to follow the Rules?
The Rules apply to all CIA members (i.e. Fellows, Associates, Candidates and Students).
Must the Rules be followed at all times?
Yes, a member’s conduct is expected to comply with the Rules of Professional Conduct at all times. This may include some situations that occur outside of the member’s professional environment in cases where that conduct could negatively impact the reputation of the actuarial profession.
Are these Rules in line with other professions?
The Rules of Professional Conduct typically share a common foundation across professions. Like other professions, our Rules expect actuaries to protect the public interest, act with integrity and honesty, gain and maintain qualifications for competent practice, maintain confidentiality and privacy, avoid conflicts of interest, act out of respect and fairness, report misconduct and uphold the reputation of the profession.
How were the Rules established?
The Rules of Professional Conduct are formal standards adopted by the CIA under its Bylaws. The Institute’s governing structure gives authority for these Rules to be created and amended through its bylaw amendment process. Learn about the Bylaws here.
Are the Rules subject to change?
Yes, Rules of Professional Conduct may be adopted, repealed, re-enacted, altered, added to or otherwise changed by the Board in accordance with the relevant Bylaws. Members must vote to confirm any changes to the Rules adopted by the Board. Later this year, members can expect to see some proposed changes to the Rules and new guidance following a review of the member feedback we received during previous consultations.
How are the Rules enforced?
The CIA’s disciplinary process is defined in the Bylaws. Working under the oversight of the Actuarial Profession Oversight Board (APOB), the Professional Conduct Board (PCB) has the responsibility of managing the CIA’s disciplinary process and upholding the highest standards of professional conduct in the Canadian actuarial community. The PCB develops and maintains policies for how the disciplinary process operates, educates CIA members about professionalism and the discipline process, and assesses and manages complaints about alleged professional misconduct. You can learn more about the PCB here, and about the disciplinary process here.
How do I report when the Rules are potentially broken?
As a CIA member, if you have witnessed or suspect inappropriate behaviour on the part of another member that potentially breaches a Rule, you must first comply with Rule 13 and attempt to discuss the situation with the other member and resolve the matter. If you cannot resolve the matter, you would report the matter to the CIA’s Executive Director or to the Chair of the Actuarial Profession Oversight Board (APOB). All reports are treated confidentially and shared only with those involved in the process. The CIA also has policies to protect individuals who report in good faith from retaliation. You can learn more about Rule 13 obligations here and the reporting process here.