The consultation, running until 7 October 2022, forms part of a wide-ranging review announced by the Scottish government in 2019.

The second stage of the review saw the establishment of three working groups examining key aspects statutory debt solutions, as well as a working group reviewing diligence, all of which have now published reports and recommendations.

“In light of the consultation and work undertaken to date, the Scottish government’s response to these policy reviews, and its proposals for future action contained in this document are being opened to consultation over an abbreviated timeframe of eight weeks,” the government said.

“The feedback received during this consultation will enable us to finalise changes and plan for these to be taken forward, either through legislation, guidance or working with stakeholders.”