December 5, 2022

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RICS probe publication delayed for second time | Online

RICS flags

An unbiased evaluation is at this time underway into allegations that RICS tried out to suppress a crucial interior report into its funds in 2018/19 and then unfairly dealt with those people who sought to check out the challenge.  

It is getting led by a senior barrister Alison Levitt QC (of 2 Hare Court docket Chambers) and supported by regulation organization Kingsley Napley. 

The legislation business stated right now that the unbiased review workforce has now moved into the last section of the evaluate and it is their hope to be ready to supply the report to the chair of the Steering Committee of Governing Council by mid-August 2021. 

Levitt had originally hoped to give the report in mid-June, but previous month pushed its publication back again until eventually July, right before saying today that it will be envisioned in August. 

RICS released the impartial overview after The Sunday Moments published allegations late very last 12 months that 4 administrators were ousted in November 2019 for flagging up a 2018 BDO report warning that RICS was exposed to “unidentified fraud, misappropriation of money and misreporting of money performance”.