The Royal Institution of Chartered Surveyors (RICS) has confirmed that all members of its Standards and Regulation Board (SRB) have resigned.
In a statement issued last night, the organisation said that in the last few days the chair of the board, Dame Janet Paraskeva, and all members of the SRB had tendered their resignation.
RICS said Paraskeva and the board had agreed to work a short notice period to ensure a smooth transition.
Ann Gray FRICS, RICS president and chair of governing council, said: “RICS passionately believes in robust self-regulation in the public interest. We thank Dame Janet and her colleagues on the SRB for their service to RICS – their contributions have been immensely valuable across numerous areas including the new rules of conduct, fire safety and valuation.
“Our activities remain in full operation and there is no break in the continuity of regulatory functions. Our staff and governance bodies will continue to work on the assessment of professionals, the setting of professional standards and the regulation of the profession. We have begun the search for a replacement chair and board members and look forward to working with them to drive forward RICS’ transformation programme.”
Earlier this month, the RICS announced the appointment of Justin Young as its new chief executive officer. Young, who will start his new role on 5 July, was most recently the chief operating officer at Knight Frank and has more than 25 years’ experience within the real estate and professional services sector in South East Asia, Europe and the UK.
