Contents
Article 16Conflicts of interest#
1.IIPs and RRMs shall maintain effective administrative arrangements, designed to prevent conflicts of interest with their IIP clients and RRM clients. Such arrangements shall include policies and procedures for identifying, managing and disclosing existing and potential conflicts of interest and shall:
(a)ensure that the relevant IIP clients and RRM clients are aware of those policies and procedures;
(b)ensure the separation of duties and business functions within the IIP or RRM, including through:
(i)measures to prevent or control the exchange of information where a risk of conflicts of interest may arise;
(ii)the separate supervision of relevant persons whose main functions involve interests that are potentially in conflict with those of IIP clients or RRM clients;
(iii)measures to remedy potential or existing conflicts of interest;
(c)map any existing and potential conflicts of interest and list them in an inventory, which shall contain their description, identification, prevention and management measures, and disclosure.
2.IIPs and RRMs shall have policies in place to ensure the handling of the reported data in a non-discriminatory manner.
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