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BDS gets authorised by FSA

BDS says it was one of the first networks to receive its minded to approve letter and once again was high on the list for full authorisation.

It intends to cover all options post October 31 through its network, direct authorisation club and introducer only distributor, and this news means it has the go-ahead.

Bruce Collins, group compliance manager at BDS, says: “Time is ticking and brokers who have not yet decided upon their path need to get a move on whilst those who have, must ensure they are confident in their decision.

“At BDS, we have put in a lot of hard work over the recent months preparing for mortgage regulation and are certain that not only do we have the knowledge, resources and support network to provide a range of competitive regulatory options but we now have full authorisation to do so from the FSA.”

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