On 27 January 2016, the CBI issued guidance on how (re)insurers are to comply with the requirement to (a) notify the CBI of any person in situ in new pre-approval controlled function PCF48 (Head of Actuarial Function) on 31 December 2015 and (b) confirm to the CBI that the required due diligence has been undertaken in that respect.  The aforementioned notification and confirmation must be provided by 31 May 2016.  This guidance follows and supplements guidance issued by the CBI late last month to assist (re)insurers in complying with their fitness and probity obligations under the European Union (Insurance and Reinsurance) Regulations 2015.