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Regulatory Blog

8 December 2021

RICS launches new standards of conduct

The Royal Institution of Chartered Surveyors (‘RICS’) has announced revised Rules of Conduct (“the Rules”) which set out the core principles of professional practice for RICS’ regulated members and firms worldwide. The revised Rules will take effect from 2 February 2022 and are designed to represent a transparent system of conduct and regulation and bring RICS’ ethical standards into one clear framework.

Julie Matheson

7 December 2021

Top Tips for Handling a Royal Institution of Chartered Surveyors (RICS) Investigation

Whether you are a professional individual or a firm, Regulated Members of the Royal Institution of Chartered Surveyors (RICS) are expected to comply with ethical, conduct and competence-related professional standards. When things go wrong and a Regulated Member has seemingly breached these standards, RICS may investigate and take disciplinary action.

Julie Matheson

6 December 2021

Are builders ‘gaming the system’ to flout fire safety legislation?

Last week Assistant Commissioner Fire Safety, Paul Jennings of the London Fire Brigade stated that developers are ‘gaming the system’, looking to reach only the minimum standards required for building safety and ‘bending the rules’. AC Jennings explained that we are not seeing the cultural change within the built environment that we would expect, following the tragic events of the Grenfell Tower fire and the subsequent Hackitt review.

Hannah Eales

17 November 2021

The FRC’s What Makes a Good Audit? report is timely as the audit regulatory landscape readies itself for change

The FRC has published a new paper aimed at audit firms and audit stakeholders containing best practice principles concerning how a good audit should be conducted and the elements indicative of a high performing audit practice.

Julie Matheson

27 October 2021

How should panels deal with past allegations made by a complainant?

Conviction cases are ordinarily relatively straightforward for regulators. If a registrant is convicted of a criminal offence, the regulator will generally treat the fact of the conviction as proof the offence was committed – and take action to protect the public accordingly. See Achina v General Pharmaceutical Council [2021] EWHC 415 (Admin) for an example of the difficulties registrants face when they attempt to ‘go behind’ the facts of a conviction.

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