Property factors call for tighter regulation of float funds
Several firms in the Scottish property factoring sector are calling for tighter regulation around homeowners’ float funds, amid warnings that a lack of independent verification could leave customers exposed.
The call comes as the Scottish Government recently committed to 'accelerating' a full review of the Property Factors Code of Conduct, including how well it is both understood and followed and whether revised or additional minimum standards are required.
The industry has also suggested including routine independent auditin... You can carry on reading TheBusinessDesk.com for free, but you have reached the maximum number of pages an unregistered user can view. To register for an account, click here or login below...
