Professional Standard definition

Professional Standard means a professional standard issued by the Council under Article62 to provide standards to the Members in respect of (i) professional matters and/or (ii) how a particular type of actuarial work is to be conducted. Compliance with Professional Standards is mandatory. Non-compliance may lead to disciplinary proceedings under Articles 66 and 67.
Professional Standard means the standard of practice specified by the Institute of Actuaries of India by issue of guidance notes/Actuarial Practice Standard to its members.
Professional Standard is defined in Article VII(a).

Examples of Professional Standard in a sentence

  • A reference to legislation or a legislative provision in this Professional Standard includes any statutory modification, or substitution of that legislation or legislative provision and any subordinate legislation issued under that legislation or legislative provision.

  • Other capitalised terms used in this Professional Standard have the same meaning as set out in the Code.

  • This Professional Standard in itself defines the requirements of the Institute in respect of all work covered by the Professional Standard.

  • Apart from legislation or regulatory standards, no other document, advice or consultation (including Practice Guidelines of the Institute) can be taken to modify or interpret the requirements of this Professional Standard.

  • If a Member believes that the Professional Standard is ambiguous or for some other reason wishes to seek clarification of it, that Member may consult the Institute’s Professional Standards Committee for guidance as to the interpretation of the Professional Standard.


More Definitions of Professional Standard

Professional Standard is a high standard of cleanliness which would be expected from a competent cleaning contractor.
Professional Standard means the highest of the standard:
Professional Standard means a standard of practice for child welfare agencies that establishes clear expectations for the treatment of children in the xxxxxx care system. “Professional Standardsrelated to the areas in this Agreement will be established by the Oversight Panel after consideration of federal and state law and taking into account recommended standards of national organizations (e.g., CWLA, COA and the AAP) that have set standards related to the care and treatment of children in the public child welfare system.
Professional Standard means any professional standard approved to be a professional standard under Part III, or deemed by section 8 to be a professional standard, and includes standards of professional conduct, requirements and supervision arrangements;
Professional Standard. ( 專 業 標 準 ) means any of the professional standards within the meaning of section 2 of the Professional Accountants Ordinance (Cap. 50).
Professional Standard means and refers to (a) for all design services under this Agreement, the professional skill and care ordinarily provided by a competent design professional practicing under the same or similar circumstances and professional licenses as expeditiously as is prudent considering the ordinary professional skill and care of a competent design professional, and (b)for all other Work, the practices, methods, standards and performance of the Work in accordance with the degree of judgment and skill that is ordinarily possessed and exercised by (and generally accepted as being appropriate for) construction professionals of good standing and who are performing work for projects that are of similar scope, locale, nature, and complexity, and under the same or similar circumstances and conditions, as the Project.
Professional Standard is defined in Article IV(c).