RICS probe publication delayed for second time | Online

RICS flags

An independent overview is currently underway into allegations that RICS attempted to suppress a significant interior report into its funds in 2018/19 and then unfairly dealt with people who sought to discover the challenge.  

It is staying led by a senior barrister Alison Levitt QC (of 2 Hare Court docket Chambers) and supported by legislation agency Kingsley Napley. 

The legislation agency reported right now that the independent overview staff has now moved into the remaining phase of the overview and it is their hope to be ready to deliver the report to the chair of the Steering Committee of Governing Council by mid-August 2021. 

Levitt had at first hoped to give the report in mid-June, but past month pushed its publication back again right up until July, just before saying right now that it will be anticipated in August. 

RICS released the independent overview after The Sunday Occasions published allegations late past calendar year that four administrators had been 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 financial performance”.