000			01800nam a22002657a 4500
001			121298
008			230104s2021 xxk|||||o|||| 00| 0 eng d
020			_a9781783214105
041			_aeng
110			_aRoyal Institution of Chartered Surveyors
245			_aClient money handling for livestock auctioneers _b, RICS professional standard, UK _h[Electronic resource]
250			_a1st
260			_aLondon, _bRoyal Institution of Chartered Surveyors, _cFebruary 2021
300			_a14p.
490			_aRICS professional standard
520			_aEffective from 8 February 2021.
520			_aThis Professional Standard provides mandatory requirements and guidance for RICS firms acting as livestock auctioneers. RICS firms selling any property at auction for a third party must do so as agent, ensuring that purchase money is handled as client money. There is one exception – where the asset sold is exclusively livestock. In this instance, subject to some other conditions being met, the firm may contract to act as principle in the financial transaction. This Professional Standard outlines the mandatory requirements and best practice guidance for livestock auctioneers in terms of how to deal with client money in both of the above circumstances.
520			_aThis was reissued in October 2022 as a Professional Standard. It was previously published in February 2021 as a Professional Statement. The regulatory requirements remain the same
650			_aLIVESTOCK
650			_aCLIENT MONEY
651			_aUnited Kingdom
710			_aRoyal Institution of Chartered Surveyors
856			_uhttps://www.rics.org/profession-standards/rics-standards-and-guidance/sector-standards/land-standards/client-money-handling-for-livestock-auctioneers _zAvailable free on RICS.org
942			_n0
999			_c121298 _d121298