Advice to BCA on Recognition of Accreditation Schemes for Managing Agents Initiative

In April 2019, the Building and Construction Authority (“BCA”) consulted CCCS on its initiative of giving recognition to industry-led accreditation schemes for managing agent firms and individuals. The industry-led accreditation schemes aim to raise the professionalism and competency standards of managing agent firms and individuals. CCCS considered the competition impact of BCA’s initiative and provided suggestions to mitigate any potential competition concerns that may arise from the recognition and implementation of the accreditation schemes.