4.38 Soft Dollar Commissions

SGX-ST Rules

4.38.1

A Trading Member and its Trading Representatives may receive goods and services from a broker for directing business to the broker if:

(a) the goods and services can reasonably be expected to assist in the provision of services to the customer;

(b) records of the goods and services received are maintained; and

(c) there are appropriate internal controls and procedures for such arrangements.

A Trading Member may pay for goods and services to customers for directing business to the Trading Member if:

(a) records of such payments are maintained;

(b) there are procedures to control such arrangements; and

(c) the arrangements do not violate any law, regulation or professional code of ethics on the part of the recipients.