Contents
1.The policies and procedures referred to in Article 32(1) of Regulation (EU) 2023/1114 to identify, prevent, manage and disclose conflicts of interests potentially detrimental to the issuer of asset-referenced tokens shall specify the circumstances which are capable of directly or indirectly affecting the objectivity and impartiality of the connected persons in exercising their duties and responsibilities. Such policies and procedures shall take into account situations or relationships where a connected person:
(a)has an economic interest in a person, body or entity with interests conflicting with those of the issuer of asset-referenced tokens;
(b)holds responsibilities within a person, body or entity with interests conflicting with those of the issuer of asset-referenced tokens;
(c)is hierarchically supervised by a person with interests conflicting with those of the issuer or the holders of asset-referenced tokens;
(d)has a relationship of a personal, professional or political nature with a person, body or entity that has interests conflicting with those of the issuer of asset-referenced tokens or has had such a relationship within the last 3 years from when the assessment is made;
(e)carries out activities in competition with those of the issuer of asset referenced tokens, including those as a consultant, adviser, delegatee, outsourcee, third-party service provider, subcontractor or other supplier of a person, body or entity conducting the same business as the issuer of asset-referenced tokens.
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