I. B) Independence and Objectivity versus VI. B) Additional Compensation Agreements It seems with “Independence and Objectivity,” only disclosure to the employer is required if the gift, compensation, or consideration is not considered compromising. But “Additional Compensation Agreements” is stricter as it requires consent from all parties. What if I’m a portfolio manager and I receive a token gift from a client. Must I disclose this? Do I have to get consent for a token gift?
You definitely don’t have to get consent for a token gift from a client. I think (but not 100% sure) that you don’t need to disclose a token gift, but if it could possibly be interpreted as something that can influence your decision making then it needs to be disclosed.
@whoiswu: Hey just curious where you are reading that for Additional Comp you need consent from all parties? Thanks in advance.
My mistake, I was thinking of referral fees.