Regulation

RICS is unique in that it is a Royal Charter body with responsibility for regulating its members. To meet its Royal Charter obligations, the RICS is committed to regulating its Members and RICS Regulated Firms for the public advantage.

The regulatory functions of RICS are delegated from RICS’ Governing Council to the independently led Standards and Regulation Board (SRB).

The role of the SRB is to build and maintain trust and confidence in the profession for the public advantage. It is delegated responsibility for overseeing the setting of professional standards, entry to the profession, the dispute resolution service and to provide assurance to the profession, stakeholders and the public that RICS-qualified professionals and regulated firms operate to the required standards of conduct and competence.

Chaired by an independent Chair and with an independent majority, the SRB leads the development of a consistent, global regulatory strategy and oversees operational implementation across all world regions. Acting on delegated authority from the Governing Council for the exclusive and autonomous exercise of RICS’ regulatory functions, the SRB is accountable to Governing Council on its performance and activities.

Read further information about the Standards and Regulation Board