Consultation Underway on Proposed Changes Related to the Protection of the Public Interest

By Lynn Blackburn

As part of the ongoing desire to ensure that CIA members are considered leading professionals in Canada, the Board regularly looks at the CIA’s infrastructure, including its Bylaws, Rules of Professional Conduct, and policies, to ensure that they are sufficiently rigorous and consistent with other professions in Canada.

In early February, the Board opened a consultation period on a set of proposed changes to the Bylaws, Rules of Professional Conduct, and several CIA policies related to

  1. Compliance with the Continuing Professional Development Requirements (CPD); and
  2. A requirement for the disclosure of a "criminal conviction". For the purposes of this material, "criminal conviction" refers to any criminal offence, penal offence punishable by incarceration, or offences of a similar nature for which the individual is convicted, found guilty of or pleads guilty to, and for which he or she has not been granted a record suspension (formerly a pardon), or a disciplinary determination of guilt. (Note that records of CIA Disciplinary Tribunal decisions are already on file and would therefore not require further disclosure).

Highlights of Proposed Changes

All of the relevant material, including an extensive Q&A can be found here. Highlights of the proposed changes appear below.

Compliance with Continuing Professional Development (CPD)

Disclosure of Criminal Convictions

Why Should CIA Members Support These Changes?

1. The CIA is a self-regulating profession. When it comes to professionalism and professional responsibilities, CIA members must impose rules and standards on themselves that will serve to protect the public interest. It is a serious responsibility and one which we must not take lightly, when the need for change arises, in order to protect the status of the profession.

2. The current requirements with regard to CPD compliance, and also criminal convictions, are too passive in nature, and much less stringent than other professions:

3. The proposed changes put the responsibility squarely on the member, for his or her own choices and actions.

4. Non-practicing/retired members would be able to retain the use of the new "qualified" designation (e.g., FCIA(non-practicing)), which will make it possible for these individuals to remain enrolled in the CIA once they discontinue their CPD. This is desirable for the Institute, from a cultural, historical, and reputational perspective.

Members are asked to review and consider the proposed changes and to submit any comments to Lynn Blackburn, director, professional practice and volunteer services at no later than March 21, 2016.

Lynn Blackburn is director, professional practice and volunteer services at the CIA Head Office.

Canadian Institute of Actuaries/Institut canadien des actuaires