Division 4 CONFLICTS OF INTEREST

Policies and procedures that address:

1. (i)

   how current and potential conflicts of interest are or will be identified, recorded, managed, mitigated, prevented or remedied;

2. (ii)

   particular circumstances which apply to the applicant or to any particular benchmark provided by the applicant and which may be used in the Union, in relation to which conflicts of interest are most likely to arise, including where expert judgment or discretion is exercised in the benchmark's determination process, where the applicant is within the same group as a user of a benchmark and where the provider is a participant in the market or economic reality that the benchmark intends to measure.

For a benchmark or a family of benchmarks, a list of any material conflicts of interests identified, along with the respective mitigation measures.

The structure of the remuneration policy, specifying the criteria used to determine the remuneration of the persons involved directly or indirectly in the activity of provision of benchmarks.