Whole Section

  • 2. Good and Services that do not qualify as soft dollar receipts or payments

    • 2.1

      The following goods and services do not qualify as acceptable soft dollar receipts or payments for the purpose of Rule 4.38:

      (a) Travel, accommodation and entertainment expenses.
      (b) General administrative goods and services including office equipment and premises expenses.
      (c) Membership fees.
      (d) Employees' salaries.
      (e) Direct money payment. This does not include payment of referral fees under a referral agreement.

      Added on 3 June 20193 June 2019.

    • 2.2

      A Trading Member or its Trading Representative should not receive goods and services from a broker, if the act of it compromises the interest of the customer or may result in the breach of the Rules or other regulatory requirements by the Trading Member or its Trading Representatives.

      Added on 3 June 20193 June 2019.