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DPB - eligibility; financial integrity and reliability

Eligibility Section

You should declare any new matters since your last application/renewal. You will need to provide further explanations regarding any yes answers. Yes answers will not automatically affect your licence status. We will review the information provided and may make further enquiries in order to assess your eligibility for licensed status. Failure to disclose may jeopardise your firm's licence status.

If you have any queries on eligibility please e-mail regulation@rics.org or telephone +44 (0)20 7695 1670.

Financial integrity and reliability - In the last ten years, has the firm or any principal of the firm made any compromise or arrangement with its creditors, or otherwise failed to satisfy creditors in full?

A Principal is a partner, statutory director or a Limited Liability Partnership (LLP) member. We also have a held out rule which means that if a person who is not a partner, statutory director or LLP member, shall still be treated as such if they:

  • Are employed by the firm and their job title includes the word partner, director or LLP member or
  • Performs the functions of a partner, statutory director or LLP member in relation to the firm.

By way of an example and in relation to our question, if a principal had been declared bankrupt and this had not been declared on your previous Designated Professional Body application form, then we would need to know about it and the answer should be completed "Yes".

Next page: DPB - eligibility [civil action]