Because many governments and markets globally have now eased restrictions and protocols relating to COVID-19 and the impact of the pandemic is clearer, RICS has withdrawn its global COVID-19 valuation practice alert as of March 3. RICS is the Royal Institution of Chartered Surveyors, a global valuation professional organization (VPO) whose members are appraisers in various disciplines, including business valuation. RICS issues the Red Book, which contains mandatory rules, best practice guidance, and related commentary for all its members undertaking asset valuations.