Commonwealth Consolidated Regulations

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Non-monetary benefit given in certain circumstances not conflicted remuneration: prescribed amount

                   For subparagraph 963C(b)(i) of the Act, the amount is $300 for each financial services licensee, or each representative of a financial services licensee, who is the final recipient of a non-monetary benefit.

Note:          Under paragraph 963C(b) of the Act, if a non-monetary benefit is given to a financial services licensee, or a representative of a financial services licensee, who provides financial advice, is less than the prescribed amount and identical or similar benefits are not given on a frequent or regular basis, the benefit is not conflicted remuneration.

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