This document was reissued in July 2023 as a professional standard. It had previously been published in March 2017 as a Professional Statement. The regulatory requirements remain the same and no material changes have been made to the document. For more information on the document category changes, see Standards documents types.
This global professional statement 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.
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Published date: 19 July 2023
Following extensive industry consultation and feedback, RICS developed this professional standard to provide clarification on:
- competing bidders
- effective date/transition
- conflicts arising during professional assignments
- passing confidential information to insurers and legal advisors.
The standard, 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.
Regional translations
Published date: 21 November 2018
Published date: 19 March 2018
Published date: 26 March 2018
Published date: 06 March 2019
Published date: 11 April 2018
Published date: 23 November 2018
Published date: 07 February 2019
Conflicts of interest: stay up to date
Watch this short video and gain an understanding of our professional statement on conflicts of interest. The video provides an overview of:
- why addressing conflicts of interest is important
- the professional statement on conflicts of interest and confidentiality
- definitions used in the professional statement
- views from industry stakeholders as to why this professional statement matters to them and the impact it will have on the industry.
