RICS has an ongoing programme of work to develop and maintain conduct standards which, together with sector standards, form RICS' body of professional standards. Conduct standards, which include the Rules of Conduct, apply to all RICS members and regulated firms.

RESPONSIBLE USE OF AI – a new RICS Professional Standard

RICS is pleased to announce the development of a new Responsible Use of Artificial Intelligence (AI) professional standard. An expert working group has been established and drafting of the standard is underway. Below is an outline of the planned scope of the standard and detail on the members of the working group.

To remain at the forefront of surveying practice the profession must embrace the oncoming new wave of technology that is dominated by the presence of ‘artificial intelligence.’ This will have far-reaching professional implications for how work is carried out, how services are provided and how data is handled. RICS members and firms will need to become comfortable with using the technology, while also continuing to utilize their professional judgement and scepticism; in addition to having greater awareness of how data handling will change and helping clients understand the provision of services within this changed context.

To assist members and firms to navigate within this new professional environment, this project is developing overarching standards relating to the responsible use of AI (and related technology) across surveying practice. The focus of the project is on professional conduct, rather than technical aspects of technology and data use in particular areas of surveying practice, and will include coverage of the following topics:

a. How the use of AI, technology and data should be referenced in terms of engagement

b. Transparency with clients about the use of AI, technology and data

c. Issues around reliance on and reliability of outputs from AI and technology

d. How to ensure proper consideration and allocation of liability and risk around the use of AI and technology

e. Data quality, ownership, copyright, privacy, commercial confidentiality, and intellectual property rights

f. Governance and ethical considerations around the use of AI, technology and data

Our aim is to have a full draft of the standard out for public consultation by the end of November 2024 and publication in early May 2025. Project contacts are: Darius Pullinger, Senior Standards Assurance Specialist (Project Lead), Sara Saeed, Professional Standards and Regulatory Policy Project Manager (Project Manager) and Carys Rowlands, Head of Professional Standards.

Our expert working group for this project contains a number of practitioners across a range of professional fields, and representing different sizes of organizations, working alongside independent experts in law and policy. There is a great deal of enthusiasm for this project within the group, which will have a positive effect on the development of the standard. Below are profiles of the working group members and the technical author:

Key timeframes

The target consultation date for the AI Professional Standard is End Feb 2025 - End April 2025

The target publication date of the AI Professional Standard is June 2025

Dates subject to change

AI Member Survey

The AI member survey is now open until 15th September 2024. The survey can be found here

Update and consultation on professional standard – Countering financial crime: Bribery, corruption, money laundering, terrorist financing and sanctions violations

RICS is reviewing and updating the first edition of the Countering financial crime: Bribery, corruption, money laundering, terrorist financing and sanctions violations standard (previously referred to as  Countering bribery, corruption, money laundering and terrorist financing).

The updated standard will help RICS members and regulated firms address the current risks posed by bribery, corruption, money laundering, terrorist financing and/or financial sanctions regimes. It will also help them navigate and mitigate the emerging financial crimes driven by the rise of new technology such as artificial intelligence and the increasing use of digital currency. 

This Professional Standard applies to all RICS members and RICS-regulated firms involved with work where there is potential for bribery, corruption, money laundering and/or terrorist financing. If the standard contradicts local legislation, legislation takes precedence.  

A highly experienced Expert Working Group, composed of a number of practitioners across the world and a range of sectors including financial and risk advisors and compliance managers, is supporting RICS with the update of the Professional Standard (see Expert Working Group bios below).

To ensure the updated standard supports members and firms effectively, RICS is holding a consultation online from 25 February to 22 April 2025.  We are aiming to publish the second edition by August/September 2025. If you have any questions, please contact the project team:Steve Choi, Senior Policy Specialist (Project Lead)Sara Saeed, Professional Standards and Regulatory Policy Project Manager (Project Manager) Carys Rowlands, Head of Professional Standards