On 9 March 2016, the CBI published its finalised Domestic Actuarial Regime and Related Governance Requirements under Solvency II.  Amongst other matters, these require all (re)insurers to have an effective actuarial function in place (which is the responsibility of the Head of Actuarial Function (HOAF) - a PCF position). The CBI also highlights specific requirements that apply to sectors of the (re)insurance industry.