A review of the RICS professional statement
As part of its commitment to ensuring that surveying professionals adhere to high professional standards, RICS commissioned this review to assess the effectiveness of its professional statement Conflicts of interest, 1st edition.
The review looks at how the professional statement is being implemented, presenting findings from research carried out with RICS-regulated firms. The effective identification and management of conflicts of interest is a challenging but essential component of professionalism. The RICS professional statement Conflicts of interest, 1st edition came into effect on 1 January 2018. It sets out mandatory requirements that RICS members and RICS-regulated firms must follow and provides supporting guidance. The professional statement is not sector specific and has global application.
RICS' regulatory framework ensures that surveying professionals adhere to the highest professional standards. Our regulation must respond to the demands of an evolving market, foster innovation, and facilitate the delivery of excellent services.
The aim of this review was to engage firms to better understand successes and overcome potential challenges of implementing the conflicts of interest professional statement.
This review presents:
The publication of the review is accompanied by supporting materials designed to strengthen implementation of the professional statement. These documents do not constitute formal RICS guidance.
The conflicts of interest professional statement, which supports the RICS Rules of Conduct, places an overarching mandatory requirement on all RICS professionals and regulated firms and specifies RICS' expectations of how compliance with the Rules of Conduct should be achieved.