Various countries' securities laws permit a manager to pay up for goods and services without violating the manager's fid

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Various countries' securities laws permit a manager to pay up for goods and services without violating the manager's fiduciary duty, so long as the requirements of the law are followed. Each of the following are typical requirements, except

A. the manager's soft-dollar practice must be disclosed.
B. the compensation received for engaging in the paying up must be reported in writing to the manager's employer.
C. the commission paid must be reasonable in relation to the research and execution services received.
D. the goods or services purchased must be for "research service." E. at all times, the manager must seek best price and execution.