RICS Draft Update to the Global Red Book

Red Book Global Update 2022 - Proposed Changes

PS 1 Compliance with standards where a written valuation is provided

4 Compliance with jurisdictional or other valuation standards 

4.6 Departures from the IVS to comply with legislative and regulatory requirements that are in conflict with the standards are allowed. In such circumstances, a valuer may still state that the valuation has been performed in accordance with the IVS.