A fixed penalty is an administrative fine and/or caution issued by RICS when a member or regulated firm fails to provide us with information that we have requested.
These include annual returns, CPD records and invoices raised for regulatory matters.
If you have failed to record sufficient CPD in a year, you will receive a fixed penalty caution which will remain on your disciplinary record for 10 years.
The member or firm should pay the fixed penalty by the date specified in the notice and ensure that they comply with the relevant rule that brought about the fixed penalty.
05 Aug 2014
18 Apr 2016
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