Ethics and Manditory Flashcards
RICS Rules of conduct - published and effective dates?
Published - October 2021
Effective - 2nd February 2022
Social media RICS Guidence
Use of social media: Guidance for RICS members 2021.
RICS H&S guidence (professional standard) and published date?
Surveying Safely 2nd edition - published Feb 2024
RICS guidance on measuring? Published date?
Code of Measuring Practice, 6th edition.
Published May 2015
Example of a RICS practice alert? Published date? Contained which new legislation…?
‘RICS practice alert - UK property’ published February 2023. Contains requirement for fire risk assessments and fire management plans after the Fire Safety Act 2021 came into effect in January 2023.
Act regulating protection of individuals data?
Data Protection Act 2018
Act outlining timescales in which action can be undertaken for breaches in law or negligence claims raised?
Limitation Act 1980
The 15 year extension long- stop to negligence claims. Where does this come from?
S15a of the Limitations Act 1980
Where can you find guidance on RICS
Disciplinary procedure ? X2
Regulatory decision-making, 2022
Regulatory tribunal rules, 2022 
RICS guidance on professional indemnity insurance?
RICS practice information - risk, liability and insurance, 2021
RICS guidance relating to client money handling?
RICS Professional Standard: Client Money Handling, 2019
The act regulating bribery?
Bribery Act, 2010
Name of RICS guidance on bribery?
RICS Professional Statement: Countering Bribery and Corruption, Money Laundering and Terrorist Financing, 2019.
What UK act governs money laundering?
Money Laundering, Terrorist Financing and Transfer of Funds regulations 2017
The act regulating CDM?
Construction, Design and Management Regulations 2015
What is the key UK health and safety legislation?
Health and Safety at Work Act 1974 (as amended 1995 and 1999)
What is the RICS guidance on health and safety and effective date?
RICS Professional Standard: Surveying Safely, 2nd edition - effective Feb 2019.
What are the UK regulations for PPE?
PPE at Work Regulations 2022.
What is the act concerning the liability of occupiers or trespasses on land?
Occupies liability act 1984 (replaces the 1957 act and extended it to include trespasses)
What are the regulations for recording health and safety incidences?
Reports of injuries, diseases and dangerous occurrences regulations 2013.
What is COSHH?
Control of substances hazardous to health regulations 2002.
Where would you find RICS guidance on conflict of interest?
RICS Professional (Standard): conflict of interest 2017.
Where would you find RICS guidance on complaints handling?
RICS guidance note: complaints handling 2016.
What regulations regulate arbitration?
The arbitration act 1996
Where would you find RICS guidance on acting as an arbitrator?
Survey is acting as arbitrators in commercial property rent reviews, 9th edition
Where would you find RICS guidance on independent expert determination?
Surveyors acting as independent experts in commercial property rent review disputes, 9th edition.
Where would you find RSCS guidance on expert witnesses?
Survey is acting as expert witnesses, fourth edition.
What act regulates diversity and inclusion within the workplace?
Equality act 2010
What is the UK act that sets out a mission reduction targets?
Climate change act 2008
Who regulated bribery?
The Serious Fraud Office
What is the punishment for bribery?
Individual = 10 years prison or unlimited fine.
Company = unlimited fine.
What is the punishment for money laundering?
Assisting = 14 years in prison and unlimited fine.
Tipping off/informing someone they are under suspicion = 5 years.
Anti-money laundering – what are the three levels are due diligence?
1- Simplified due diligence.
2-regular customer due diligence.
3- enhanced due diligence
What anti-money laundering checks do you undertake on individuals?
ID verification and checks against any previous addresses, employment and income.
Using passport, bank statement, council tax statement, utility bill
What are the red flags of anti-money laundering?
Unwillingness to provide ID.
Changes to parties during transaction.
Payment of fees in foreign currency.
Unusual features E.G.urgency, possible lossmaking.
What are the penalties if you breach CDM regulations?
Criminal offence.
Health and safety executive - can prosecute, issue fines or give ‘improvement notices’ or ‘ prohibition notices’
What are the six things you should consider when appointing a contractor?
Public liability insurance.
Employers liability insurance.
Health and safety policy.
Construction phase plan.
Example of risk assessments.
Professional qualifications certificates, e.g. HETAS
What key legislation relates to data protection in the UK?
The data protection act 2018.
UK GDPR
Who does data protection act 2018 apply to?
Data controllers.
Data processors.
Who is responsible for regulating data protection in the UK?
Information commissioners office (ICO)
What happens if there is a date of breach?
Must report to ICO within 72 hours.
What are the penalties of a data breach?
Fines of
a) 4% of global annual turnover, or b) £17.5 million - whichever is greater.
What does UK GDPR stand for?
UK general data protection regulations
Who regulates surveying profession within the RICS? Who deals with disciplinary procedures?
Standards and regulatory board
What are the three levels of the RICS disciplinary procedure?
1 - action by head of regulation
2 - disciplinary panel
3 - appeal panel
What uninsured excess is required for PII by the RICS?
Depends on turnover:
Up to £10 million turnover in previous years - 2.5% or £10,000, whichever is greater.
Over £10 million turnover in previous year - no limit.
How much run-off cover is required by the RICS?
Minimum £1 million of aggregate cover for a minimum of six years.
For commercial claims, there is no limit (firm must consider what is adequate and appropriate) must be held for six years.
What is the legislation for asbestos?
Penalties?
Control of Asbestos Regulations 2012
£20,000 or 6-12 months prison.
What is the legislation regulating EICR?
Electrical Safety Standards (private rented sector) Eng. regulations 2020
What legislation regulates TDS?
Housing Act 2004
What legislation regulates EPC is in the UK?
Penalties?
Energy efficiency (private property) Wells regulations 2015.
Domestic - £200
Commercial - 12.5% of rateable value (min £500 to max £5000)
