CBB Volume 1: Contents

Central Bank of Bahrain Volume 1—Conventional Banks
Part A
Business Standards
BC Business and Market Conduct
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BC-8.13.12

The minimum requirements that should be met where the conventional bank licenseeG has a soft dollar agreementG under which it deals with customersG include:

(a) The percentage paid under soft dollar agreementsG of the total commission paid by or at the direction of:
(i) The conventional bank licenseeG ; and
(ii) Any other member of the conventional bank licenseeG ’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 conventional bank licenseeG under soft dollar agreementsG , expressed as a percentage of the total commission paid by or at the direction of:
(i) The conventional bank licenseeG ; or
(ii) Other members of the conventional bank licenseeG ’s group;
(c) A summary of the nature of the goods and services received by the conventional bank licenseeG under the soft dollar agreementsG ; and
(d) The total commission paid from the portfolio of that customerG .

Added: April 2008
 Versions
(1 Version)
 
Apr 1 2008 onwards
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