Updates to the Rules of Professional Conduct
The March 2024 version of the Rules of Professional Conduct (Rules) which came into effect on 31 March 2024 created a framework for Valuers providing desktops.
This permitted the API/APIV to expand the Scheme to recognise participating members providing desktops of real property or plant, machinery or equipment.
The expansion of the Scheme was approved by the API/APIV Boards and came into effect in 1 September 2024. As part of the expansion of the Scheme minor updates were required to the Rules to align to Scheme documentation.
The changes, which did not change the intention or application of the Rules, were approved by the API Board and the updated rules came into effect on 1 September 2024.
A copy of the updated Rules are available at the link below.
Posted on September 24, 2024
Related Posts
Standards
API SSC Response to IVS Exposure Draft 2028
Standards
IVSC Perspectives Paper: Managing and Communication Valuation Risk
Standards
NSW Tobacco Closure Orders, Lease Termination and Important Considerations for Valuers
Standards
IVSC Survey – ESG and the Valuation Process – invitation to provide feedback
Standards
API/APIV Valuation Protocol: Requests for Valuation Model Sharing
Standards