Actuarial Society of South Africa students
Have you passed a qualification in South Africa?
We have reciprocal arrangements for those who have passed exams in South Africa.
If you have completed a South African university course since 31 December 2009, and join the Institute and Faculty of Actuaries instead of ASSA, exemptions will only be recognised if we have a direct exemption recognition agreement with the university.
You can apply for exemptions to ASSA and if they have an agreement with the university and your exemptions are granted, you can then apply for exemptions to the UK with your exemption letter from ASSA.
If you have passed an ASSA exam then you need to submit a results letter from ASSA to obtain an exemption from the UK.
If you have passed the CT9 Business awareness exam with ASSA directly, you can apply for an exemption from CT9 with the Institute and Faculty, with a correctly certified result pass letter from ASSA. If you have not received your result pass letter, you must provide a letter from ASSA confirming you have passed the CT9 exam directly with them.
If you have passed the CA1 Actuarial risk management and/or CA2 Model documentation, analysis and reporting with ASSA directly, you can apply for an exemption from CA1 and/or CA2 with a correctly certified result pass letter from ASSA. If you have not received your result pass letter, you must provide a letter from ASSA confirming you have passed the CA1 and/or CA2 course directly with them.
After the April 2010 exams CA3 Communications became a 2 day practical exam in the UK (with no option to take a written examination). There is currently no exemption arrangement for CA3 taken with ASSA.
ST and SA subjects
Subject by subject recognition does not apply at ST and SA level. You will need to pass all of the ST and SA level examinations with one body only. If you have exam passes or exemptions from one body at ST and SA level but wish to qualify as a Fellow with the other body, those passes will not be recognised and you will need to retake the appropriate exams or apply under Mutual Recognition if appropriate.