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DBS announces commission payment system

The DBS is implementing a new centralised IT system for commission payment to meet N2 requirements

Speaking today at the networks annual conference in Birmingham managing director Alan Taylor announced the new computer tracking system will be in full operation by May next year and must be used by all 3,000 RIs.

Members must submit a record for each piece of businsess done to DBS head office or the network will withhold commission payments.

Taylor says: “This is to meet the FSA reqiuirements for more robust recording of transactions.”


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