BC-9.13.12
Past version: Effective from 01 Apr 2008 to 31 Mar 2011
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The minimum requirements that should be met where the
(a) The percentage paid under soft dollar agreements of the total commission paid by or at the direction of:
(i) the Islamic bank licensee ; and
(ii) any other member of the Islamic bank licensee's group which is a party to those agreements;
(b) The value, on a cost price basis, of the goods and services received by the Islamic bank licensee under soft dollar agreements , expressed as a percentage of the total commission paid by or at the direction of:
(i) the Islamic bank licensee ; or
(ii) other members of the Islamic bank licensee's group;
(c) A summary of the nature of the goods and services received by the Islamic bank licensee under the soft dollar agreements ; and
(d) The total commission paid from the portfolio of that customer .
Added: April 08