New CPD (Continuing Professional Development) Rules for chartered surveyors came into effect this month. They are simple and straightforward, commit us to a minimum of 20 hours CPD a year and a requirement to record our CPD on the RICS website.
The new rules are a welcome simplification of the previous somewhat complex requirement concerning Lifelong Learning. The sound thinking behind lifelong learning is retained, but its application is simplified.
All chartered surveyors, full time or part time, must achieve at least 20 hours of CPD a year and this must now be recorded online on the RICS website. The process of recording is simple and straightforward, and you get the option to download a record of your CPD in pdf or spreadsheet formats. I tried the new system for the last few months of last year and found it easy to use. You can see my pdf file record on this link.
At least 10 hours of the annual 20 hour requirement must consist of ‘formal learning’. Formal learning is distinguished by a clear statement of ‘Learning Outcomes’, ie a clear statement of what you should be able to do or know at the end of the session. Here are examples of Learning Outcomes from some of the sessions I have run for clients:
- Enhanced familiarity with DCF (Discounted Cash Flow) approaches to appraisal in the context of the Red Book, associated guidance, and its concepts of ‘value’;
- Enhanced familiarity with modern applications of the Investment Method of Valuation;
- Appreciation of the scope for marriage, or synergistic, value arising from different investment approaches;
- Understand the implications of the Financial Services and Markets Act 2000 (Regulated Activities) Order 2001 for professional advisers involved in insurance matters
- Understand the RICS Designated Professional Body Scheme
- Comply with the requirements of the scheme
- Distinguish insurance advice, recommendations and arrangements
- Deal appropriately with commission and disclosure
- Comply with the regulation’s training requirements
- Advise on matters to be considered in establishing a new tenancy agreement, both Farm Business Tenancies and succession tenancies under the 1986 Act
- Evaluate alternative tenure arrangements including contract and share farming, grazing and other agreements
- Supervise matters requiring attention during the continuation of a tenancy, eg repairing responsibilities and other tenancy obligations of landlord and tenant
- Prepare for and undertake Rent Reviews in accordance with legal requirements and published guidance
- Advise on the termination of farm tenancies
- Consider the valuation requirements which arise on the termination of a tenancy
- Advise on succession issues following the death or retirement of a tenant farmer
- Understand the various dispute mechanisms available to resolve matters which cannot be settled through negotiation, and the surveyor’s role within them.
And so on! All the RICS Web Classes include Learning Outcomes (including my rural ones) so perhaps this would be a good year to try this very cost effective form of CPD for the first time. The details can be found in one of my previous blogs and on the RICS website.
A new requirement is for CPD to include an update on professional ethics at least once every three years, starting from 1 January 2013. A straightforward way to cover this is via the RICS Online Ethical Standards Walkthrough Module, which is also free and provides about an hour of Formal CPD. But other forms of CPD will also touch on ethical standards, as my own CPD record shows.
A helpful summary of the new CPD requirements has been issued by the RICS on its CPD webpage.
Sadly the guidance makes it clear that running a personal website, blog or newsletter cannot count as CPD. Yet I have found that blogging on new developments has been enormously helpful in developing my own understanding of them.
Nevertheless I’d be delighted to hear from you if you would like to discuss your own or your organisation’s CPD requirements, tailored to specific requirements and designed to qualify as ‘formal learning’ for CPD purposes and including the ethical aspects where required.