7.7A.13
CurrentNon‑monetary benefit given in certain circumstances not conflicted remuneration: prescribed amount
Chapter 7Financial services and markets
Part 7.7ABest interests obligations and remuneration
Division 4Conflicted remuneration
Subdivision 4Other monetary and non ‑ monetary benefits that are not conflicted remuneration
7.7A.13 Non‑monetary benefit given in certain circumstances not conflicted remuneration: prescribed amount
For subparagraph 963C(1)(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(1)(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.
This Act’s bill:Explanatory statement
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