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.