The RICS Client Money Protection Scheme

Beckett and Kay is a Member of the RICS Client Money Protection Scheme and an RICS Registered Firm. A copy of our RICS Client Money Protection Scheme is available here. The RICS operates a Client Money Protection scheme (CMP scheme) in the UK. This scheme provides protection, as a last resort, in the unlikely event that the Firm is unable to repay a client’s money, up to the limits and exceptions set out in the scheme rules.

The RICS’ CMP scheme is split into two parts:

  • General client money protection, covering money held by firms undertaking any surveying activities (Client Money Protection for Surveying Services); and
  • Residential agency activity in England protection, covering areas under the Client Money Protection Schemes for Property Agents (Approval and Designation of Schemes) Regulations 2018 (Client Money Protection for Residential Agents).

Beckett and Kay’s business activities encompass the above two parts of the CMP scheme.

For clients of RICS Regulated Firms

Our Client Money handling procedures in accordance with the RICS Rules for Firms and membership of The RICS Client Money Protection Scheme is designed to minimise the risk of the Firm being unable to repay a client’s money to the lowest possible level.  In the unlikely event that the Firm is unable to repay client’s money, and as a protection afforded as last resort, the RICS is able to answer questions about the RICS Client Money Protection scheme, and can be contacted to enquire about or submit a possible claim to the RICS Client Money Protection scheme.

For more information, including limits on claims, or to make a possible claim, please refer to the following link to the RICS website, which contains contact details, and a copy of the RICS Client Money Protection Claims Form.

https://www.rics.org/uk/upholding-professional-standards/regulation/firm-regulation/client-money/cmp-scheme/

In the first instance, please contact us.