We would have been subject to antitrust action had we tried to develop that in the profession alone; they had to be in the regulation. --FRANK S. IRISH, (ASB - Actuarial Standards Board)

1995 - Sales Illustrations, Society of Actuaries

Departure from the past practice of avoiding antitrust laws can only happen when the regulators take the lead. The ASB cannot make these changes by itself. 

Frank S. Irish: (Actuarial Standards Board - ASB)

1996 - Professional Standards Affecting Life Actuaries, Society of Actuaries - 18p