The UK Financial Reporting Council (FRC) opened a consultation on the proposed revisions to Technical Actuarial Standard 200 (TAS 200), a news release said. The proposed changes aim to streamline the standard and ensure it reflects recent regulatory developments in the insurance industry.
The proposed revisions from the regulator include "changes to support practitioners in considering the implications for actuarial work of the [Financial Conduct Authority's] Consumer Duty principle and the removal of provisions that are already sufficiently addressed in