Disciplinary Proceedings Flashcards
What is the RICS complaint procedure?
Complain > RICS
Commence investigation?
Is person liable?
Punishment?
Disciplinary proceedings;
What could be deemed as an offence to the rules / ethical standards?
Failure to use a complaints handling procedure
Conflicts of interest
Misuse of clients’ money
Failure to answer correspondence
Criminal convictions
What are the possible disciplinary proceedings?
Regulatory compliance order - Formal written agreement between RICS and member/firms
Fixed Penalty - Administrative fine issued by the RICS for failure to provide RICS information
Panel Hearing - For serious breaches - Panel of 8 members, 8 lay members and chairperson
Expulsion
What is a regulatory compliance order?
A Regulatory Compliance Order is an agreement between RICS and a Regulated Member that they are liable for disciplinary action
What are the types of regulatory compliance orders?
- Caution
- Reprimand
- A requirement that the Regulated Member gives one or more undertakings as to future conduct
- A requirement that the Regulated Member takes or stops taking certain actions within a specified period of time
- Conditions on the Regulated member’s continued membership of RICS
- Conditions on a Regulated Members registration for regulation
- A requirement that the Regulated Member pays a fine of up to £2000 per breach
What happens before a Regulatory Compliance Order is issued?
Member/firm in question admits that they have fallen short of the standards expected
Agrees to an appropriate sanction
Take steps to meet the standards expected and/or to prevent it happening again
What three actions can be imposed after the end of the investigation stage?
Caution and Fixed Penalty
Deregistration
Expulsion
When are fixed penalties applicable?
1) When a member/firm does not provide information requested by the RICS
2) When a member does not complete CPD
When is a disciplinary panel applicable?
Where the RICS deems this after the investigation stage with sufficient evidence
What sort of breaches would expulsion be suitable for?
Continuous failure to meet rules / standards
Fraud
Conviction
Incompetence (continous)
Discrimination
Mismanagement of clients money
How are disciplinary breaches published?
Published on the RICS website to “name and shame” those people
What happens if CPD is not complete?
Fine
Fine, Caution, named on the RICS website
Referral to Disciplinary Panel
How are disciplinary proceedings triggered?
Complaint
Information received or established
Not adhering to rules of conduct