One key difference between CSAs and soft dollars is that CSAs are subject to explicit regulatory guidance, while soft dollars are not. The Securities and Exchange Commission (SEC) has issued guidance on CSA arrangements, including requirements for disclosure and transparency.
Data sharing agreements set out the purpose of the data sharing, cover what happens to the data at each stage, set standards and help all the parties involved in sharing to be clear about their roles and responsibilities.
Data Sharing Agreement (DSA) While the MOU is a broad document that names the purpose, partners, and guiding principles of a data integration effort, the DSA includes the specific terms and conditions that govern how specific data are transferred, stored, and managed when shared and integrated within the IDS.
These expense sharing agreements determine everything from a broker dealer making the appropriate records reflecting each expense incurred relating to its business and any corresponding liability, regardless of whether the liability is joint or several with any person and regardless of whether a third party has agreed ...