ifications ▁and ▁professional ▁standards ▁for ▁actu aries ▁were ▁identical ▁in ▁each ▁of ▁them . ▁On ▁ 2 5 ▁May ▁ 2 0 1 0 , ▁voting ▁members ▁of ▁the ▁Fac ulty ▁who ▁took ▁part ▁in ▁a ▁ball ot ▁voted ▁to ▁merge ▁the ▁Fac ulty ▁with ▁the ▁Institute ▁of ▁Act u aries , ▁thus ▁creating ▁the ▁Institute ▁and ▁Fac ulty ▁of ▁Act u aries ▁which ▁came ▁into ▁being ▁on ▁ 1 ▁August ▁ 2 0 1 0 , ▁su pers eding ▁the ▁Institute ▁of ▁Act u aries ▁which ▁ceased ▁to ▁exist ▁on ▁that ▁date . ▁ ▁Est ab lish ment ▁of ▁the ▁Fac ulty ▁of ▁Act u aries ▁The ▁Fac ulty ▁of ▁Act u aries ▁was ▁founded ▁by ▁ 3 8 ▁Scottish ▁actu aries ▁on ▁ 4 ▁January ▁ 1 8 5 6 ▁with ▁the ▁aim ▁of ▁representing ▁the ▁interests ▁of ▁actu aries ▁pract icing ▁in ▁Scotland . ▁ ▁In ▁September ▁ 1 8 6 8 , ▁the ▁Fac ulty ▁of ▁Act u aries ▁became ▁the ▁first ▁actu arial ▁organisation ▁to ▁be ▁granted ▁a ▁royal ▁char ter . ▁The ▁Royal ▁Char ter ▁confirmed ▁the ▁Fac ulty ' s ▁role ▁and ▁the ▁right ▁to ▁confer ▁qual ifications , ▁i . e . ▁the ▁Fellow ▁of ▁the ▁Fac ulty ▁of ▁Act u aries ▁( FF A ). ▁Since ▁then ▁there ▁has ▁been ▁an ▁under pin ning ▁concept ▁of ▁professional ▁behaviour ▁and ▁the ▁implicit ▁right , ▁or ▁even ▁duty , ▁to ▁discipline ▁members ▁who ▁did ▁not ▁conduct ▁themselves ▁appropri ately . ▁ ▁Over ▁the ▁last ▁two ▁dec