CPD Record Flashcards
What did you learn from the CPD you undertook in October 2024 on insolvency?
I was provided with an update on the I&R Landscape (retail insolvency picking up/ CVA included Cafe Nero, Pizza Express, Travelodge). Update on recent cases (New look case and virgin active case) - Landlords argued these were not legitimate CVA’s but instead just a negotiating tool to change rents payable. Courts upheld that they were CVA’s. However, the landlord can still use his proprietary right to forfeiture.
I see you did 5 hours CPD in January 2024 on Fire Safety. What can you tell me about external wall systems and the EWS1 form?
Main professional standard is RICS valuation of properties in multi-store, multi occupancy residential buildings with cladding (March 2021).
External wall systems are made up of the outside wall of a building , including cladding, insulation, fire breaks systems.
EWS1 form was designed as a means of ensuring that a suitable assessment has been carried out by a competent fire expert to provide information about whether remedial works are likely to be required for a building. Intended for use in valuation only and provides a simple, clear pro-forma form which lenders and valuers can assess whether there is a need for remedial works that will affect value.
EWS1 assessment is required every five years. Now the fire safety act 2021 has been passed, the building owners of all multi-storey, multi-occupied buildings in England will be required to undertake updated fire risk appraisals and assessments of their buildings, which includes, where appropriate, an assessment of the external wall system.
PAS 9980 is a Methodology to carry out fire risk appraisals of the external wall of multi-storey, multi-occupied residential buildings.
Brick or masonry external walls do not present a significant risk of fire spread and are likely to be covered by a professional during fire risk assessments.
What are the penalties the RICS can impose if you fail to maintain your CPD?
Penalties are a caution in accordance with rule 4(c) of the disciplinary, registration and appeal panel rules (called a fixed penalty caution).
Second CPD breach - further caution and fixed penalty of £150. Published list of non-compliant members on RICS website. Fine increased to £250 if not paid within 28 days.
Third CPD breach - referral to disciplinary panel which may result in expulsion and costs being awarded against you.
Why does the RICS require members to undertake CPD?
To maintain competence. Highlighted by Rule 3 (Members and Firms must provide a good quality and diligent service).
What is the definition of formal CPD?
You can utilise the CPD decision making tree.
Any form of structured learning that has clear learning objectives and outcomes, such as a professional course or structured online training. It could also be learning that includes an assessment measure.
