Commission Delegated Regulation (EU) 2019/820 Article 3: Procedures and measures to prevent, manage and monitor conflicts of interest

Article 3 - Procedures and measures to prevent, manage and monitor conflicts of interest

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Article 3

Procedures and measures to prevent, manage and monitor conflicts of interest

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The measures to be adopted and procedures to be followed referred to in Article 2(2) shall include at least the following steps:

((a))

the prohibition of the exchange of information between the persons or entities referred to in Article 1, where such an exchange of information could lead to or facilitate a conflict of interest;

((b))

the separation of the supervision of persons or entities referred to in Article 1 whose interests may conflict;

((c))

the removal of the connection between or dependence on the remuneration of the persons or entities referred to in Article 1 principally engaged in one activity, and the remuneration of, or revenues generated by, persons or entities principally engaged in another activity, where a conflict of interest may arise in relation to those activities;

((d))

the prevention of persons or entities referred to in Article 1 from exercising inappropriate influence over the management of the qualifying venture capital fund;

((e))

the prevention or control of the involvement of persons or entities referred to in Article 1 in any activity that may lead to a conflict of interest.