The long awaited revival of the Fixed Charge Receivership market is well underway and it is clear that those wishing to appoint are generally only utilising members of the Fixed Charge Receivership Scheme. 

This is very encouraging and a reflection of over 10 years of hard work from the inception of the scheme through to the day.

The main driver of the scheme is to ensure that only those with the appropriate and relevant experience are able to register as Fixed Charge Receivers and entry is now by exam and peer interview only. 

It is fully appreciated that those working outside of a firm that currently has Fixed Charge Receivers will find it very difficult to join the scheme. 

However, this is inevitable if standards are to be maintained and the financial community can rely upon the scheme to provide Receivers of a high calibre.

Fixed Charge Receivership is a very specialised and complex area and most certainly not one that those without relevant experience should enter as there are both civil and criminal risks.

Whilst the RICS is able to offer guidance as to how training can be obtained in the fixed charge receivership area, it cannot offer guidance as to how to obtain relevant experience.