The global professional statement on conflicts of interest provides clear rules for RICS members and regulated firms to identify and manage potential conflicts of interest.

Effective identification and management of conflicts of interest is an essential component of professionalism. The professional statement provides confidence to clients and consumers that RICS members and regulated firms are operating to the highest ethical standards.

Following extensive industry consultation and feedback, RICS developed this professionals statement to provide clarification on:

• competing bidders
• effective date/transition
• conflicts arising during professional assignments
• passing confidential information to insurers and legal advisors.

The conflicts of interest professional statement, which supports the RICS Rules of Conduct, places an overarching mandatory requirement on all RICS professionals and regulated firms and specifies RICS’ expectations of how compliance with the Rules of Conduct should be achieved.

Conflicts of interest: Implementation and impact

As part of RICS' regulatory framework to ensure that our professionals are adhering to standards reflective of market demands, we have undertaken a review with the profession to understand the effectiveness of adopting this professional statement.

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