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Manage your firm regulation

RICS Firm Regulation

‘Regulated by RICS’ is a recognised and respected designation

In a complex and rapidly changing marketplace, your clients seek confidence and security. The 'Regulated by RICS' status allows your firm to meet this need. It shows the world that your firm practises to globally recognised ethical and professional standards.

'Regulated by RICS' status shows your clients that your firm:

  • Practises to globally recognised standards
  • Behaves ethically and acts with integrity and honesty
  • Has the required skills and competencies to do the job
  • Manages conflicts of interests transparently
  • Safeguards the security of client money
  • Manages its finances appropriately
  • Provides adequate and appropriate indemnity for your work
  • Handles complaints and disputes fairly

'Regulated by RICS' conveys a consistent message of confidence and quality to your clients whether they are local, national or international, and tells potential clients that you can be trusted to deliver high standards of service.

On 1 April 2020, new Rules of the Registration of Firms come into force. Until 1 April 2020 regulated firms must remain compliant with version 5 of the Rules for the Registration of Firms.

Need to deregister your firm?

To deregister your firm, please complete and return our form.

Firm de-registration form

Guide to de-registering your firm

RICS Firm Regulation: rule changes from 1 April 2020

On 1 April 2020, new Rules of the Registration of Firms and Rules for the use of the RICS logo and designation come into force. Firms will need to be compliant with the new Rules at this time.

The key changes include:

RICS Logo-use and Designation Rules - effective 1 April 2020

  • The Rules have been re-structured to enhance simplicity and readability
  • Restricting the use of the RICS logo to regulated firms only; and
  • Restricting the use of the designation "Chartered Surveyors" by firms to the trading name only; and
  • We have added a requirement that Regulated Firms must include a prescribed text in the terms of engagement issued to clients in respect of its surveying services to explain what being regulated by RICS means.

Download the rules for the use of the RICS logo and designations by firms from 1 April 2020

Rules for the Registration of Firms - effective 1 April 2020

  • Changing the registration eligibility criteria to require firms to have at least 25% RICS qualified principals; and
  • Introducing a requirement for regulated firms to designate a 'Responsible Principal' who will provide oversight, accountability and engagement with RICS standards and regulation.

Download the rules for the registration of firms from 1 April 2020

Further guidance on the changes to the Rules is available

The changes to the Rules have been made to ensure that the RICS firm regulation model remains fit for purpose in the current times. The RICS model for firm regulation was first introduced in 2007. Over 10 years on, we believe changes are needed to address the public expectation, that transparent and proper corporate governance means holding business leaders accountable for their firm's conduct, performance and service.

Through our presence in the major financial centres of the world, we promote the value of 'Regulated by RICS' to the clients you work with. As part of this, we equip your firm to promote the value of the standards you work to and our assurance of your standards.

We also provide guidance and support for how to embed best practice through professional standards. Through our programme of regulatory assurance and advice, regulation by RICS:

  • helps identify business systems and process improvements
  • supports the use of international standards in everyday practice
  • fosters transparency
  • identifies and helps to manage risks

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