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Carsberg Report on the regulatory role of the RICS final report

By: Contributor(s): Language: English Publication details: London RICS 2005Description: 32p. 30cmSubject(s): LOC classification:
  • 333.0062 $2 18
Online resources:
Partial contents:
Governance -- Rules and regulations -- Standards -- Competence -- International -- Conduct and discipline -- Redress -- Next steps
Summary: RICS has published the final report of the independent review by Sir Bryan Carsberg of the RICS regulatory and consumer protection role across the land, property and construction sectors. The review includes: updating the existing regulatory framework; the level of regulation necessary for different types and sizes of business; regulation at international level; regulating competence beyond mandatory continuous professional development; RICS governance; disciplinary processes and redress; and ombudsman schemes. Recommends greater separation of RICS regulatory and representational functions with RICS members continuing to be regulated by RICS but involving separate regulatory and conduct boards with a lay majority membership. Calls on RICS to regulate firms as well as individuals, with a compliance scheme that is easier for members, but remains effective. Also proposes taking an active approach to competence monitoring, simpler disciplinary procedures and setting up a property ombudsman service to give consumers redress in the house buying and letting arena.
List(s) this item appears in: About the RICS
Holdings
Item type Current library Call number Copy number Status Date due Barcode
Archive London RICS Boxes RICS 2005/57 (Browse shelf(Opens below)) 1 Available 30077129

Governance -- Rules and regulations -- Standards -- Competence -- International -- Conduct and discipline -- Redress -- Next steps

RICS has published the final report of the independent review by Sir Bryan Carsberg of the RICS regulatory and consumer protection role across the land, property and construction sectors. The review includes: updating the existing regulatory framework; the level of regulation necessary for different types and sizes of business; regulation at international level; regulating competence beyond mandatory continuous professional development; RICS governance; disciplinary processes and redress; and ombudsman schemes. Recommends greater separation of RICS regulatory and representational functions with RICS members continuing to be regulated by RICS but involving separate regulatory and conduct boards with a lay majority membership. Calls on RICS to regulate firms as well as individuals, with a compliance scheme that is easier for members, but remains effective. Also proposes taking an active approach to competence monitoring, simpler disciplinary procedures and setting up a property ombudsman service to give consumers redress in the house buying and letting arena.