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Martin Slowe Property Services Limited (‘MSPS’) is required by Government legislation and RICS to operate a Client Money Protection scheme (‘CMP scheme’). This scheme provides protection, as a last resort, in the very unlikely event MSPS was, as a RICS registered Regulated firm, unable to repay a client’s money, up to the limits and exceptions set out in the scheme rules.

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)
  • 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).

Contact RICS if you have any questions around the RICS Client Money Protection scheme.

Contact RICS if you have a possible claim that you would like to submit to the RICS Client Money Protection scheme, please fill in the claims form on the relevant page and submit it to RICS.

Residential lettings and property management in England

The RICS Client Money Protection for Residential Agents scheme has been approved by Government under The Client Money Protection Schemes for Property Agents (Approval and Designation of Schemes) Regulations 2018. This means that as a RICS registered firm holding money in the areas covered by the regulations, will have met the legal requirements under The Client Money Protection Scheme for Property Agents Regulations (2008) to belong to an approved scheme.

For further details about the changes effective as of 1 April 2019 please follow the link to the cmp scheme

Firms may use the RICS Client Money Protection Scheme Rules as their Client money handling procedures as per the requirements set out in The Client Money Protection Schemes for Property Agents (Approval and Designation of Schemes) Regulations 2018.

Get in touch

If you'd like to find out how you can benefit from our expert commercial property management service or you'd like to find out more about the commercial property services we offer, please just get in touch.

Call us on 020 8236 1050

or complete our online enquiry form and we'll get back to you as soon as we can.

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