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🔗 Back to Summary. 🇫🇷 French Version: 2018R1642_FR.3. Back to Summary of LVL1. Open the PDF. Direct link to EUR-LEX.
Article 2 – Nature of the input data ⬅️ | ➡️ Article 4 – Degree of discretion of the administrator
Article 3 - Level of conflicts of interest
The further criteria to be considered by the competent authority under 2016 in taking into account the level of conflicts of interest shall include at least the following:
(a)
whether the administrator has a financial interest in financial instruments or financial contracts referencing the benchmark or could profit from the performance of an investment fund that is measured by the benchmark;
(b)
in cases where the benchmark is based on input data contributions, whether the administrator’s relationship with the contributors is governed by adequate control mechanisms;
(c)
whether the administrator has controls or other measures in place that mitigate potential conflicts of interest effectively.