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?
A firm that has 50% or more partners or directors who are RICS Members is deemed as a regulated firm.
Under the new regime, these firms will be required to use the designation 'Regulated by RICS' on their stationery and any public-facing material.
Firms who have under 50% partners or directors who are RICS members can also choose to register to be regulated.
If they do they must also use 'Regulated by RICS'.
The Rules of Conduct for Firms also came into force on 4 June 2007.
The rules of conduct will be supported by a series of help sheets to assist members and firms to understand how the rules apply.
The rules, help sheets and other useful information about RICS Regulation can be found at www.rics.org/newregulation.
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.
The RICS member helpline is available for all surveyors who have queries about compliance and conduct issues.