With the summer holidays behind us, I thought this a good time to share some developments at RICS, as we continue towards our core aim of fostering market and stakeholder trust in our profession’s standards and the way we implement and enforce these through our qualifications, assurance and regulatory actions.
Ethical and competent practice at the heart of our plans
At MIPIM this year, we launched our Conflict of Interest Professional Statement. This document provides our members and firms with mandatory requirements. Entering into force on 1 January 2018, it is the first in a suite of seven publications which RICS will develop to inspire trust and confidence in markets by ensuring professionalism goes hand in hand with commercial success.
Continued cooperation in the development of international standards
Next to the development of our own professional statements, we remain extensively involved in coalitions with other organisations to create global international standards, including:
- Property measurement, where International Property Measurement Standards (IPMS) already exist for office and residential buildings. Still to come are IPMSs for retail and industry
- Construction cost measurement, where the first International Construction Measurement Standard (ICMS) was published in July of this year.
RICS will continue to support the implementation of international standards by creating or updating existing professional guidance when international standards are adopted.
Advancing the profession for the public good, 150 years down the line
In 2018, we will be celebrating the 150th anniversary of RICS. We will be looking back upon our history and those of RICS professionals, but we will also look forward and continue the discussion with you on how RICS needs to evolve further to ensure we maintain their relevance.
RICS and its members need to work together to make this happen and advance the profession for the public good. Now more than ever, I am counting on your active involvement.
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