# Commission Delegated Regulation (EU) 2019/820 of 4 February 2019 supplementing Regulation (EU) No 345/2013 of the European Parliament and of the Council with regard to conflicts of interest in the area of European venture capital funds (Text with EEA relevance), Article 3: Procedures and measures to prevent, manage and monitor conflicts of interest

Extent: E+W+S+N.I.

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

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Source: https://www.legislation.gov.uk/eur/2019/820/article/3 (the official version)
Page: https://openlegislation.uk/eu-regulation-2019-820/article-3
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.