Commission

From ACT Wiki
Jump to navigationJump to search
The printable version is no longer supported and may have rendering errors. Please update your browser bookmarks and please use the default browser print function instead.

1. Agents - intermediaries - professional services.

Amounts payable for professional services, especially when relating to intermediating or facilitating a transaction, and often charged as a percentage of the size of the transaction.

For example, introductory commission.


2. Regulation - supervision.

A permanent body empowered to exercise legal, regulatory or supervisory authority.

For example the US Securities and Exchange Commission.


3. Expert recommendations.

A temporary body of experts that investigates and makes formal recommendations on its area of expertise.

For example, the UK's Parliamentary Commission on Banking Standards.


See also