Regulation Requirements

NFoPP Mandatory Regulation Requirements for Principals, Partners or Directors

If you are a Principal (sole trader), Partner (full partner, not associate) or Director (as listed on Companies House, not Company Secretary) of a company, then you have a special kind of membership - Principal, Partner or Director (PPD) membership. You have responsibilities for every company of which you are PPD, and which operates as an agent in property sales, lettings, property management, and block management. In order to maintain professional standards within the association, you must demonstrate that each company meets regulation criteria upon joining, and annually thereafter.

(N.B. Should a company be a Regulated By RICS firm, then the following requirements do not apply. We accept evidence that the company is RICS regulated in lieu of our own regulation.)

Please follow the links below for more information about NFOPP regulation requirements.

Professional Indemnity Insurance

Independent Redress Scheme

If your company holds client money (deposits or payments, even if only for a small amount of time before it is forwarded on), then it must also comply with the requirements described in the following two links:

Client Account Reporting

Client Money Protection (CMP)

Company Details

If you are a PPD of a property company we do not know about, or you wish to amend the record of an existing company that is registered with the Association, please complete a  Business Declaration Form and return to the Regulation Department along with the supporting documents, including a copy of the company's letterhead.

For further information on the Regulation requirements please call 0845 250 6009 or email regulation@nfopp.co.uk