In some instances, we have entered into Memoranda of Understanding (MOUs) with these organisations. These MOUs set out the arrangements that we have with them regarding communication, co-operation, disciplinary matters and joint working practices. We review these MOUs on a regular basis to ensure that they are up-to-date and accurately reflecting the nature of our working relationships.
Currently the IFoA has MOUs with five organisations. These are the:
We have also entered into a communication protocol with the FRC that sits alongside our MOU with them. It provides further elaboration as regards our collaboration, notification and co-operation procedures in relation to matters which relate to our respective regulatory responsibilities.