Walker Love has become the first firm of Sheriff Officers & Debt Recovery specialists in Scotland to receive full authorisation from the Financial Conduct Authority (FCA) to carry out financial services debt recovery activity throughout the UK.
“Receiving FCA authorisation is another significant milestone for Walker Love and we were delighted to be the first firm in Scotland to achieve fully authorised status. As Officers of the Court responsible for enforcing the civil law in Scotland, treating customers fairly whilst safeguarding an individual’s dignity and legal rights is in our DNA.
It has always been our ethos to discharge our duties fairly and impartially, so it wasn’t a giant leap for us to go through the rigorous application process, whereby we were required to openly demonstrate our robust oversight and governance framework, in order to receive our FCA licence”, commented David Walker, Managing Partner of Walker Love.
This award follows on from the firm successfully gaining Silver Investors in People (IIP) status at the end of 2015, augmenting other industry quality standards the firm has been awarded, including the coveted UKAS ISO27001 and ISO9001 standards for information security and quality assurance.
“We service a wide range of Local Authorities, Government agencies, financial services organisations and firms of solicitors both in Scotland and in England & Wales. By being awarded our FCA licence, it provides our clients with an added level of assurance and confidence, especially when they are dealing with regulated financial products and vulnerable individuals”.
The FCA came into force on 1 April 2013 and regulates UK firms providing financial services to consumers, having taken over responsibility for regulating the consumer credit industry from the Office of Fair Trading on 1 April 2014.