The professional body
for the property sector

Plans for a transparent and balanced system are welcome and could have significant benefits for Scotland’s regeneration and housing ambitions. However, reform must not come at the expense of fairness. Clearer legislation, early engagement, and collaboration with qualified property professionals will ensure that public projects can proceed efficiently while protecting the rights and confidence of property owners and agents.

By 2035, automation, AI, and digital registers will speed up transactions and strengthen fraud protection, bringing major opportunities and responsibilities for property agents. HM Land Registry’s (HMLR) ambitious plan will reshape how information is stored, verified and shared across the property sector.

The Financial Conduct Authority (FCA) will become the Single Professional Services Supervisor (SPSS) overseeing Anti-Money Laundering and Counter-Terrorism Financing (AML/CTF) compliance for the legal, accountancy, and trust and company service sectors. HMRC will continue to supervise agents under the Money Laundering Regulations, and firms that are already compliant do not need to make any changes to their existing AML procedures.