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FSQS Registered – Financial Supplier Qualification System

Doerr Dallas are proud to announce that we have met all requirements in becoming fully registered within the Financial Supplier Qualification System (FSQS), a standard used by major UK banks, Insurers and financial organisations when selecting suppliers.

As the financial sector is becoming more complex, this accreditation has benefitted us significantly by providing us with a system that enables us to control company information effectively, providing a simple route when demonstrating compliance to multiple customers and the ability to control our information as and when needed.

What is the FSQS?

FSQS is an accreditation tool that provides a standard for gathering and managing supplier compliance assurance information across the financial sector. The system is supported by leading financial organisations within the sector including the likes of Nationwide, Lloyds Banking, Chubb insurance and The Bank of England, and requires suppliers to be reviewed against FSQS requirements in key areas including health and safety, fraud, business continuity, financial insurance, data security and much more.

The review of suppliers against the FSQS requirements not only demonstrates their strong GDPR compliance but fundamentally removes the need to complete and update due diligence for new or existing suppliers, as every business will have already completed this as part of their FSQS accreditation.

What does it mean for us – and for you?

The qualification shows you that Doerr Dallas has taken the time to have their processes reviewed and demonstrate how important we think it is in reassuring our clients when instructing Doerr Dallas Valuations.  Having the accreditation has made it easier for us to demonstrate compliance to the organisations we work with, private clients and institutions.