Ethics referral fees only, examples, reading, benefit

b_sea93

hi Brave ones,
example: ” Mr XYZ, (CFA) refers to good candidates to Mr ABC, (CFA), and Mr ABC buys him some nice gifts per candidate”
the requirement to disclose the referral arrangement is only applicable to Mr ABC (disclose to employer and candidates before accepting them)?
or the requirement also applies to Mr XYZ that when refers, does not disclose this to the candidates…?
i’ve been reading many examples where “they” only talk about Mr ABC case, but do not both benefit from the arrangement?
many thanks and keep committment high!
tigas