Exemption applications are required for subjects written with accredited universities. To apply for exemption, you must be a registered member of the Actuarial Society of South Africa. No exemption applications can be processed until a membership number has been issued.
First time applicants must complete all the relevant sections of the Exemption Application Form . Please submit your exemption application with your declaration attached to ASSA Member Services:
Exemption Application Process
The Actuarial Profession strongly advises you to:
- Apply for your exemptions as soon as possible after completing and passing one or more of the recognized qualifications.
- Contact the Actuarial Society immediately if you are concerned that our records do not hold details of exemptions you may be entitled to.
- If you do not formally apply for exemptions you believe you are eligible for, or if you are eligible for an exemption but do not pay the relevant fee, your exemptions record will be incomplete, and as a result you will not appear on the final qualification pass lists.
- There is not a specified period within which you should apply for an exemption, however some of your exemptions may no longer be valid if there is a material change to the subject structure of the curriculum so that the relevant subject does not map to an equivalent subject in the new system. Any applications should also be based on a recommendation by the accredited institutions and we cannot accept any applications if the institutions do not have record or can’t validate the applications. We therefore strongly advise you to apply for your exemptions as soon as possible after becoming a member or after completing an actuarial qualification at an accredited university.
Exemption applications with reference to subjects passed through the UK IFoA before April 2010 will have no cost attached.
Tables of South African subjects codes and UK equivalents
|RSA Subject Codes||UK Subject Codes|
|A101: Probability and Statistics||CT3: Probability and Mathematical Statistics|
|A102: Economics||CT7: Economics|
|A103: Accounting||CT2: Finance and Financial Reporting|
|A201: Financial Mathematics||CT1: Financial Mathematics|
|A202: Models||CT4: Models|
|A203: Contingencies||CT5: Contingencies|
|A204: Statistical Methods||CT6: Statistical Methods|
|A205: Financial Economics||CT8: Financial Economics|
|F106: Enterprise Risk Management||ST9: Enterprise Risk Management|