27 MAY 2018
All RICS professionals must undertake and record a minimum of 20 hours of CPD activity each calendar year. Failure to comply with this requirement can have serious ramifications. See what happened to several professionals in 2018 below and learn how to easily avoid the same happening to you in the future.
Here are the top-line figures of 2018 so far:
We are pleased to say that the vast majority of RICS professionals in Asia Pacific do meet their CPD obligations every year, in fact, 96% met their 2017 CPD obligations. However, these figures do demonstrate the importance of CPD and the priority the Conduct & Appeals Committee's panels place on compliance.
Rule 6 of the RICS Rules of Conduct states that professionals must comply with RICS’ requirements for continuing professional development. Professionals are subjected to escalating disciplinary action if they continuously fail to meet requirements within a 10-year period:
The professional will receive a caution for failing to meet CPD requirements for the first time.
A fixed penalty fine is issued when CPD requirements are not met for the second time within 10 years.
Failure to meet requirements for a third time will lead to a referral to a disciplinary panel that will decide appropriate penalties, including expulsion from RICS membership (with a published decision).
CPD is one of the essential undertakings of an RICS professional – there is always more to learn. CPD is a beneficial tool for professionals to stay competent and provide the best possible service to their clients.
RICS professionals must undertake and record online a minimum of 20 hours of CPD each calendar year. Of the 20 hours, at least 10 hours must be formal CPD. All hours must be recorded online by 31 January the following year.