Review of Factoring Policy

Last updated: 9.48am, Monday 13th October 2014 by

We are currently reviewing our Factoring Policy. This review is carried out every 3 years to ensure that the policy reflects any external statutory changes and any other improvements required.
Changes to the policy may alter the way we deliver our factoring services to you and therefore we want to hear your views.

The main changes to the policy since it was last reviewed in 2011 are centred around the introduction of the Property Factors (Scotland) Act 2011 which amongst other things introduced a code of conduct laying out a minimum set of standards that all registered property factors must adhere to. A link to our draft Factoring Policy can be found below. Please give us any comments you may have regarding thepolicy. We will consider all your feedback as we review the policy.