PSRA: Four- Month Extension Granted
August 2020The Property Services Regulatory Authority (PSRA) has announced the commencement of S.I. No. 162 of 2020, Property Services (Regulation) Act 2011 (Section 95) (Extension of Licences) Regulations 2020.
The introduction of these Regulations grants a four- month extension to licences due to expire between 7 May 2020 and 31 August 2020. Granting of the extension of the licence by four months acknowledges the practical difficulties for Licensees in fully complying with licence renewal requirements and therefore, enables the sector to continue to legally trade during the Covid 19 emergency.
The licence extension will be subject to the availability of the required level of Professional Indemnity Insurance (PII).
See the Statutory Instrument HERE
By Judy de Castro - Regulatory Consultant