Professional actuaries are required by the Brazilian legislation to register with the National Labor Department prior to their employment in the Brazilian market and, although the IBA has not been assigned any formal responsibility by the government, it plays an important part in this regulation by assuring professional ethics and good practice among professionals. The National Labor Department requires professional actuaries to present one of following documents for registration: Bachelor's degree in actuarial science, duly recognized and registered with the National Department of Education or bachelor's degree in actuarial science from a recognized foreign institution and accepted by the National Department of Education.