19 SEP. 2017
Foster Maddison Property Consultants Limited
Disciplinary Panel hearing – 13 September 2017
The Panel heard a case against Foster Maddison for failing to preserve the security of clients’ money entrusted to its case in the course of its business because the adequacy of the firm's accounting systems and controls were not sufficiently robust, contrary to Rule 8 of the Rules of Conduct for Firms 2007.
The Panel imposed a Reprimand on the Firm. The Panel also ordered a contribution towards RICS’ costs.