The rules, which came into force on 4 June 2007, are short, simple and principles-based.
New Rules of Conduct for Firms
Rules of Conduct for Firms are also available to download. These rules will apply to all firms that are regulated by RICS. We have written to these firms inviting them to register their details under the RICS' new regulatory regime.
How does a firm know whether or not it is a regulated one?
Where the firm is based and operates will determine whether or not they will or can opt to be a regulated firm. This is explained further in the Rules of Conduct for Firms.
The Rules of Conduct for Members also came into force on 4 June 2007.
Policies, help sheets and further information
The rules of conduct will be supported by a series of policy documents and help sheets to assist members and firms to understand how the rules apply.
Policies set out the Regulatory Board's approach and views on a range of regulatory issues.
Help sheets are available for both Firms and Members. They are designed to provide guidance on areas in which some firms might seek assistance on how to comply with the rules of conduct. They do not constitute an extension of the rules and the Regulatory Board acknowledges that there is more than one way to demonstrate compliance with a principle.
We also have further information sheets such as:
Changes have been made to the Royal Charter and Bye-Laws that reflect the new Rules of Conduct.
If you would like to set up in practice as a partner, director or sole trader you can ask the RICS to send you the Setting up in Practice pack, which contains all the information you need to get started.
You can read about outcomes from disciplinary hearings and find out when forthcoming hearings will be held. If appropriate, we may issue a Fixed Penalty.
If you would like to find out more about the RICS Designated Professional Body scheme we have some dedicated pages.
If you have any questions about regulation please contact RICS Regulation.
t +44 (0) 20 7695 1670
e regulation@rics.org
If you need help and advice in confidence please call the RICS Members' Confidential helpline on +44 (0) 20 7334 3867.
