From 1 January 2015 members have been required to hold a Practising Certificate before they take up Appointed Actuary and Certifying Actuary roles. For these members, they are required to attend a formal Practising Certificate Seminar which will be arranged by SAS from time to time. The initial three year grandfathering period expires on 31 December 2017.
Members are required to update their Practising Certificate as it expires. SAS will not notify members where their certificates are about to expire. SAS will hold two Practising Certificate Seminars a year (normally in May and November)