On 2 April 2013, the European Actuarial Consultative Group published a draft standard of practice on the 'actuarial function report' required by Solvency II. The document aims to assist actuaries across the EU in the preparation of an actuarial function report and to ensure that efficient and consistent practice is applied in this regard. The standard is only binding upon an actuary where (a) the actuary has declared that some/all of the work contained in the actuarial function report has been carried out in compliance with it and/or (b) a body or association of which an actuary is a member has adopted the standard as compulsory practice.