- On January 15, 2020 /
- By PMAS /
- In Industry News, PMAS Update
The Scottish Government’s review of the Code of Conduct for Registered Property Factors is moving towards its conclusion, with a first draft being discussed with factors on the 10th of December 2019.
Read here for the first draft of the potential new Code of Conduct. Note that this document contains visible amendments and updates. This is an intentional decision by the Scottish Government to show transparency and allow readers to easily see what specific changes are being proposed.
At the meeting in December, Factoring Registration Team representatives presented on the:
- Draft revised code.
- Proposed amendment order for 2011 Act.
- Areas for improvement – work with factors to support development of good practice.
- Longer term issues – more thought and legislative change needed.
They expanded on their wishes to clarify support for homeowners appointing a Factor and discussed what can be done to support the work of the Tenement Maintenance Working Group.
Following the meeting, a written stakeholder response on the draft was requested. PMAS, on behalf of our members, have submitted a response that you can read here. It includes views expressed at the December meeting and those of Council members subsequent to the event.
PMAS looks forward to the updated draft Code being issued by Scottish Government, however it has been cautioned that this may be some time away. The Scottish Government advised that there were no slots yet for legal advice or parliamentary process, therefore the overall time this will take is not yet determined.
If you are a registered property factor and have any questions about the proposed changes to the Code of Conduct please get in touch with us to find out more.