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Disciplinary Panel Hearings

20 SEP 2017

NRB and Mr Nigel Bone - 12 September 2017

NRB (the firm) and Mr Nigel Bone FRICS
Disciplinary Panel by way of written representations - 12 September 2017

The Panel heard a case against the Firm NRB and Mr Nigel Bone FRICS for failure to act in a manner that was consistent with their professional obligations, contrary to Rule 3 if the Rules of Conduct for Members and Rule 3 of the Rules for Conduct for Firms 2007.

The allegations being that, Mr Bone and his Firm carried out activities requiring authorisation by the Financial Conduct Authority (FCA) or a Designated Professional Body without such authorisation and provided information to RICS on three separate occasions that the firm NRB was regulated by RICS to carry out general insurance mediation work when they ought to have known that was incorrect.

The Panel imposed a Reprimand upon both Mr Bone and the Firm, together with conditions upon their continuing membership of RICS.

The Panel also ordered a contribution towards RICS’ costs.