RICS Professional Standards & Acts Flashcards
Regulations for EIA?
Town and Country Planning (EIA) Regulations 2017
Screening, Scoping, ES
Professional Standard for Development Valuation?
RICS Professional Standard, Valuation of Development Property 2019
Definition of Development
Act that regulates planning system in England and Wales?
Town and Country Planning Act 1990
LPAs, Planning Permissions
What if you don’t convene with Town and Country Planning Act?
Enforcement Notice, Stop Notice, up to £20,000 in magistrates and unlimited in higher
What if you don’t convene with Town and Country Planning EIA Regulations?
Enforcement Notice, Stop Notice, up to £20,000 in magistrates and unlimited in higher
1st RICS Standards for planning viability?
RICS Professional Standard ‘Financial Viability in Planning’ Conduct & Reporting 2019
Information around Reporting and process requirements (be objective & impartial, must provide sensitivity analysis
Legislation
Due Diligence
2nd RICS Standard for planning viability?
RICS Professional Standard ‘Assessing Financial Viability in Planning under NPPF 2019’ 2021
To ensure that public benefits and planning policies are delivered to the greatest ability
What governs Use Classes?
Town + Country Planning (Use Classes) Regulation 2020
What governs PDR?
Town and Country Planning (General Permitted Development Rights) (England) (Order) 2015
What act regulates listed buildings?
Planning (Listed + Conservations Areas) Act 1990
What manages health & safety in construction?
Construction (Design & Management) Regulations 2015
What if CDM are breached?
Substantial fines including criminal and contractual litigation
HSE has power to prosecute duty holders
If death, then police involved
What if you go against the BSA 2022?
Unlimited fine & imprisonment for up to 2 years
What if you breach health & safety at work act?
Criminal offence can be prosecuted by HSE
RICS Standard on Conflicts of Interest?
RICS Professional Standard Conflicts of Interest 2017
RICS Guidance note on complaints?
RICS Guidance Note on Complaints Handling 2016
RICS Standard on insurance?
RICS Practice Info - Risk + Liability Insurance 2021
RICS Standard on handling client money?
RICS Professional Standard Client Money Handling 2022
Penalties of the Bribery Act?
Max prison sentence 10 years and unlimited fine for individuals
Unlimited fines for firms
Who polices the Bribery Act?
Serious Fraud Office
What regulates Money Laundering? & Who?
Money Laundering, Terrorist Financing and Transfer of Funds Regulations 2017
Financial Conduct Authority
What’s the penalties if fail to follow ML, TF & TOF Regulations 2017?
Max 14 years prison sentence + unlimited fine for assisting with money laundering
Max 5 years for tipping someone off if they are under suspicion
Penalties if don’t display EPC correctly?
Resi: £200 fixed penalty for non display
Commercial: Minimum of £500, maximum of £5,000
Who enforces EPC?
Local authorities Trading Standards
