Professional Documents
Culture Documents
20112012
UK HELP SHEET
Providing information about your firm to RICS Regulation
Now that your firm has registered for regulation we have the most up to date information about
your firm. If any of these details change you should log onto the firms portal and amend the
information whenever you need to.
On an annual basis we will contact you for certain information where we require confirmation that
the details that you have provided are current and correct. These relate to your firms professional
indemnity insurance, training, complaints handling and, if applicable, clients money.
This process is called the firms annual return and we will, where possible, put as much of your
firms details that we hold on the form to make it easier for you to complete and return. The
annual return, covering all compliance matters, will ease the burden of you having to contact us
at different times of the year about different topics.
Most firms are likely to notice a saving under this arrangement as the fee should be less than the
amount paid to external accountants to prepare reports. The fee will also cover any advice or
guidance your firm may need about its accounts during a regulatory review visit.
Firms will also have to pay the clients money insurance levy (CMIL) rather than individual member
principals as in previous years.
The fee for 2011/2012 and levy for 2012 is set out below.
1 225 30 225
24 500 60 240
*DPB fees apply only to firms that are offering general insurance mediation services and are part of the RICS Designated Professional Body (DPB) scheme.
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RICS HQ Advancing standards in land, property and construction.
Parliament Square
London SW1P 3AD RICS is the worlds leading qualification when it comes to
United Kingdom professional standards in land, property and construction.
Worldwide media In a world where more and more people, governments, banks and
enquiries: commercial organisations demand greater certainty of professional
E pressoffice@rics.org standards and ethics, attaining RICS status is the recognised
Contact Centre: mark of property professionalism.
E contactrics@rics.org
T +44 (0)870 333 1600 Over 100 000 property professionals working in the major established
F +44 (0)20 7334 3811 and emerging economies of the world have already recognised the
importance of securing RICS status by becoming members.
RICS is an independent professional body originally established
in the UK by Royal Charter. Since 1868, RICS has been committed
to setting and upholding the highest standards of excellence and
integrity providing impartial, authoritative advice on key issues
affecting businesses and society.
RICS is a regulator of both its individual members and firms enabling
it to maintain the highest standards and providing the basis for
unparalleled client confidence in the sector.
RICS has a worldwide network. For further information simply contact
the relevant RICS office or our Contact Centre.
T +32 2 733 10 19 T +852 2537 7117 T +1 212 847 7400 T +61 2 9216 2333
F +32 2 742 97 48 F +852 2537 2756 F +1 212 847 7401 F +61 2 9232 5591
ricseurope@rics.org ricsasia@rics.org ricsamericas@rics.org info@rics.org.au