Article 2, Paragraph 4. · Commission Delegated Regulation (EU) 2025/1141

Contents

4.Conflict of interests policies and procedures shall ensure that transactions consisting in the exchange of asset-referenced tokens issued by the issuer of asset-referenced tokens for funds or other crypto assets, including redemption of asset-referenced tokens, are subject to close scrutiny and monitoring with regard to the conditions in which they are concluded where the issuer is one of the parties of the transaction and the transaction is carried out on behalf of any of the following persons:

(a)a member of the management body of the issuer or an employee who can negotiate or sign contracts on behalf of the issuer;

(b)a party related to a person referred to in point (a) as follows:

(i)a spouse, registered partner, child or parent;

(ii)any relative who has shared the same household with that person for at least a cumulative time period of one year within the previous 5 years from the date of the transaction;

(iii)a commercial entity, in which a person referred to in point (a) or points (b)(i) and (b)(ii) has a qualifying holding of 10 % or more of capital or of voting rights, or in which those persons are key function holders as defined in Article 3(1)(9) of Directive 2013/36/EU of the European Parliament and of the Council^note, hold senior management positions or are members of the management body;

(c)a person in respect of whom the persons referred to in points (a) or (b) have direct or indirect material interest as regards the outcome or the conditions of the transaction, other than obtaining a fee or commission for the execution of the transaction.