The 2023 edition of the Red Book UK National Supplement was published on 19 October 2023 and will become effective 1 May 2024.
Consultation
RICS launched a public consultation on updates to the RICS Red Book UK Supplement in November 2022. The consultation sought feedback on proposals for a time-limited, mandatory rotation cycle for regulated purpose valuations, proposals to ensure an orderly transition to the policy, and proposals to standardise governance and prevent conflicts of interest in the commissioning and receiving of valuation reports.
AREF liaised with IPF while drafting it's response to the consultation, which was submitted on 16 December 2022.