4. Application, Registration and Annual Renewable Fees
4.1 An application shall be made on the appropriate application form prescribed from time to time by
PCCB in which the applicant warrants the accuracy and completeness of the information provided by the
applicant together with any later information provided in response to a request under Rule 4.3.
4.2 An application shall be accompanied by such fees as may from time to time be prescribed by the PCCB.
4.3 PCCB may require from the applicant such information, and may institute such investigation
to verify information submitted by the applicant, as it deems necessary. Such information may include
but is not limited to requiring the applicant to demonstrate compliance with Rule 5.1.
4.4 PCCB shall consider each application and information provided by the applicant and may decide
to register, renew registration or refuse to register or renew registration.
4.5 If PCCB decides to accept the application it shall promptly notify the applicant in
writing by issuing a certificate and shall include the name of the applicant on the Register.
PCCB would normally expect to complete its new application processing within one month of receiving
from the applicant all the information necessary for PCCB to consider the application, depending on
the extent of any investigations and/or further information required.
4.6 The registration of a Registered Firm shall continue until the registration is cancelled
under Rules 4.12, 4.13, Rule 8.1.4 or Rule 12.
4.7 PCCB shall decline registration where an applicant does not meet the criteria laid out in
Rules 3 or 4 or does not pay the appropriate fee or does not complete application documentation
4.8 PCCB may decline registration where, in the opinion of the Board, there is an unacceptable risk that
the applicant would fail to achieve and/or maintain the high standards required by the Search Code and would bring the Code into disrepute.
4.9 If PCCB decides not to register an applicant it shall notify the applicant with a statement of
reasons for the refusal and the applicant may within 14 working days of being notified of PCCB’s
decision make a request in writing to PCCB for a formal review of the application process undertaken
by the Property Codes Independent Review Process implemented by the PCCB, as amended, varied or
modified from time to time (Annex B).
4.10 Fees shall be of such amounts as PCCB shall from time to time determine and as set out
in the PCCB’s published registration fee tariff.
4.11 Each Registered Firm shall pay an annual registration renewal fee of such amount as PCCB shall from time to
time determine and shall notify to Registered Firms.
4.12 If a Registered Firm fails to pay its registration renewal fee within the time limit specified,
its registration shall, subject to Rules 11 and 12, lapse.
4.13 In the event that a Registered Firm’s PII cover lapses or is not renewed, the Registered Firm’s
registration with PCCB shall automatically lapse and any subsequent reinstatement of registration
shall be at the discretion of PCCB.
5. Obligations of Registered Firms and PCCB >