Actuarial standards

An actuary who prepares an initial valuation report or a report under these sections shall– (a) use assumptions which are appropriate for the pension plan and methods consistent with– (i) the Standards of Practice of the Caribbean Actuarial Association, or a corresponding Canadian, British or 46 Private Pensions American equivalent approved for this purpose by the Supervisor; (ii) sound principles established by precedent or by common usage within the actuarial profession; (iii) the requirements of the Act and these CAP. 30:01. Regulations; and (b) certify that the report meets the requirements of the Act and these Regulations. CAP. 30:01.