RICS probe publication delayed for second time | Online

Ruth D. Adamson

RICS flags

An impartial overview is at the moment underway into allegations that RICS tried to suppress a significant inner report into its funds in 2018/19 and then unfairly dealt with those who sought to examine the situation.  

It is being led by a senior barrister Alison Levitt QC (of 2 Hare Courtroom Chambers) and supported by regulation company Kingsley Napley. 

The law firm claimed currently that the unbiased critique staff has now moved into the ultimate section of the evaluate and it is their hope to be capable to provide the report to the chair of the Steering Committee of Governing Council by mid-August 2021. 

Levitt experienced initially hoped to deliver the report in mid-June, but past thirty day period pushed its publication back until eventually July, before saying today that it will be predicted in August. 

RICS introduced the independent assessment after The Sunday Instances published allegations late last calendar year that 4 administrators ended up ousted in November 2019 for flagging up a 2018 BDO report warning that RICS was exposed to “unidentified fraud, misappropriation of resources and misreporting of economic performance”.

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