Article 3
Procedures and measures to prevent, manage and monitor conflicts of interest
The measures to be adopted and procedures to be followed referred to in Article 2(2) shall include at least the following steps:
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(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; |
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(b) |
the separation of the supervision of persons or entities referred to in Article 1 whose interests may conflict; |
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(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; |
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(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; |
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(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. |