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.
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.
If you have any questions about regulation please contact RICS Regulation.
Tel: +44 (0) 20 7695 1670
e-mail: regulation@rics.org
If you need help and advice in confidence please call the RICS Members' Confidential helpline on +44 (0) 20 7334 3687.
