The RICS Rules for Registration of Schemes require Members to at all times act with integrity and avoid conflicts of interest and avoid any actions or situations that are inconsistent with their professional obligations. These Rules also require Members to ensure that their personal and professional finances are managed appropriately.
RICS needs to be informed of any corporate insolvency proceedings such including administration or liquidation, or County Court Judgments.
Should the firm be subject to any winding up proceedings, company voluntary arrangements and administrative receivership these too should be reported to RICS at the earliest opportunity.
RICS also needs to be informed of any solvency proceedings such as bankruptcy as in a bankruptcy restriction order or individual voluntary arrangements or County Court Judgments.
A further example of information RICS should be made aware of is where an individual has been disqualified from bring a company director.
Please provide details of the administration, corporate insolvency proceedings and/or County Court Judgments, individual voluntary arrangements, sequestrations, personal solvency proceedings, and those involved in the matter who are connect to your firm.
RICS needs to be informed of criminal convictions or charges. This applies to the firm, its principals, and professional employees such as accountants and auditors.
We do not need to know about some minor offences such as road traffic offences but please contact us if you are unsure. In the UK, for information about spent convictions (which you do not have to report to RICS), you should refer to Section 4(2) of the Rehabilitation of Offenders Act 1974.
Please note that information concerning the above will not necessarily lead to action from RICS – if in doubt please contact a member of the Regulation staff. We require this information in line with Professional and Ethical Standards.
Please provide details of the conviction, and those involved in the matter who are connected to your firm.