A proposal should be sent to the Dean, c/o the Department of Professional Standards at the Royal College of Psychiatrists, 17 Belgrave Square, London SW1X 8PG.

The proposal should include:

• a full description of the prize
• the target audience the value
• how often the prize will be awarded
• justification for the establishment of such a prize
• who would be eligible
• whether the proposal is for a College prize or a Faculty, Section or Divisional prize
• who would examine entries for the prize
• a suggested closing date.
  
• A preliminary budget will need to be prepared. This should be done in collaboration with the Department of Professional Standards (who will consult the College's Finance Department and Treasurer, as necessary) - it may be necessary to include administrative charges.
  
• This will then be scrutinised by the Treasurer via the Finance Management Committee and, if necessary, by the Council.
  
• The final proposal is sent for consideration to the Education, Training & Standards Committee, whose remit is to ensure that the objectives of the prize are valid educationally sound and that it is appropriately named.
  
• If the Education Training and Standards Committee approves the prize, full details will be included in the Prizes Booklet, which is available on the College website.
  
• Examiners for all College prizes must be approved by the Education Training and Standards Committee. 
  
• If a prize is established by a Faculty, Section or Division, Examiners will need to be approved by the Faculty, Section or Division concerned, and reported to the Education Training and Standards Committee for information.