RICS’ entire Standard and Regulation Board resigns

The Royal Institution of Chartered Surveyors (RICS) has announced that all members of its Standards and Regulation Board (SRB) have tendered their resignation.

This follows a letter of resignation from Dame Janet Paraskeva, who is also the chair of the Council for Licensed Conveyancers (CLC).

The members of the board are Bruce Haswell, Leigh Miller, Richard Waterhouse, and Dele Oyekanmi as well as five independent members.

The purpose and makeup of the Board is described by RICS as follows:

“The Standards and Regulation Board has exclusive responsibility for exercising RICS’ regulatory functions, including strategy, governance, structure, policy, and operational oversight in the public interest..

It oversees the activities of RICS’ professional standards, entry and admission to the profession, education and qualification standards, regulatory operations, dispute resolution services, and the Regulatory Tribunal.

The Board is independently led and comprises non-members (independent) and members of RICS, and reports to Governing Council.”

Ann Gray FRICS, RICS President and Chair of its Governing Council, wrote in a statement:

“RICS passionately believes in robust self-regulation in the public interest. We thank Dame Janet and her colleagues on the SRB for their service to RICS – their contributions have been immensely valuable across numerous areas including the new Rules of Conduct, fire safety, and valuation.

Our activities remain in full operation and there is no break in the continuity of regulatory functions. Our staff and governance bodies will continue to work on the assessment of professionals, the setting of professional standards and the regulation of the profession. We have begun the search for a replacement Chair and board members and look forward to working with them to drive forward RICS’ transformation programme.”

Gray added that Dame Janet and the other board members have confirmed to RICS that they are able to work a short notice period to ensure a smooth transition for their successors.

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