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COB 3.5.7

(1) If an Authorised Firm or member of its Group has a Soft Dollar Agreement under which either the Authorised Firm or member of its Group Deals for a Client, the Authorised Firm must provide that Client with the following information:
(a) the percentage paid under Soft Dollar Agreements of the total Commission paid by or at the direction of:
(i) the Authorised Firm; and
(ii) any other member of the Authorised Firm'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 Authorised Firm under Soft Dollar Agreements, expressed as a percentage of the total Commission paid by or at the direction of:
(i) the Authorised Firm; or
(ii) other members of the Authorised Firm's Group;
(c) a summary of the nature of the goods and services received by the Authorised Firm under the Soft Dollar Agreements; and
(d) the total Commission paid from the portfolio of that Client.
(2) The information in (1) must be provided to that Client at least once a year, covering the period since the Authorised Firm last reported to that Client.
Derived from DFSA RM56/2008 (Made 1st July 2008). [VER14/07-08]