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The Broker Referral Agreement is essential for businesses operating in Malaysia's financial services sector where referral arrangements form a crucial part of client acquisition strategies. This document is typically used when establishing formal referral relationships between licensed brokers or intermediaries and financial service providers, ensuring compliance with Malaysian regulatory requirements. The agreement covers crucial elements including commission structures, referral procedures, compliance with the Capital Markets and Services Act 2007, data protection under PDPA 2010, and anti-money laundering regulations. It's particularly relevant for organizations seeking to expand their client base through regulated intermediary channels while maintaining regulatory compliance and proper documentation of referral arrangements.

1. Parties: Identification of the referring party (broker) and the recipient of referrals, including their registered addresses and company registration numbers

2. Background: Context of the agreement, including the nature of the recipient's business and the broker's desire to refer potential clients

3. Definitions: Key terms used throughout the agreement, including 'Referral', 'Successful Referral', 'Commission', and 'Confidential Information'

4. Appointment and Scope: Terms of the broker's appointment and the scope of referral services

5. Regulatory Compliance: Obligations to comply with Malaysian laws, including Capital Markets and Services Act 2007 and Financial Services Act 2013

6. Referral Process: Detailed process for making and accepting referrals, including documentation requirements

7. Commission Structure: Terms of payment, calculation of commission, and payment procedures

8. Representations and Warranties: Parties' confirmations regarding their capacity, authority, and compliance with laws

9. Confidentiality: Obligations regarding confidential information and compliance with Personal Data Protection Act 2010

10. Term and Termination: Duration of the agreement and circumstances for termination

11. General Provisions: Standard clauses including notices, amendments, governing law, and dispute resolution