BC-2.12.12
Past version: Effective from 18 Jul 2025 to 30 Jun 2007
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The minimum requirements that should be met where the investment firm licensee has a soft dollar agreement under which it deals with clients includes:
(a) the percentage paid under soft dollar agreements of the total commission paid by or at the direction of:
(i) the investment firm licensee ; and
(ii) any other member of the investment firm 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 investment firm licensee under soft dollar agreements , expressed as a percentage of the total commission paid by or at the direction of:
(i) the investment firm licensee ; or
(ii) other members of the investment firm licensee's group;
(c) a summary of the nature of the goods and services received by the investment firm licensee under the soft dollar agreements ; and
(d) the total commission paid from the portfolio of that client .