Article 3
Conflicts of interest potentially detrimental to clients
For the purposes of identifying the conflicts of interest that arise when providing crypto-asset services and that may damage the interests of clients, crypto-asset service providers shall take into account whether the crypto-asset service provider or any connected person:
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(a) |
is likely to make a financial gain, avoid a financial loss, or receive another benefit, at the expense of the client; |
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(b) |
has an interest in the outcome of a crypto-asset service provided to the client or of a transaction carried out on behalf of the client, which is distinct from the client’s interest in that outcome; |
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(c) |
has a financial or other incentive to favour the interest of one or more clients over the interests of another client; |
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(d) |
carries out the same business as the client; |
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(e) |
receives or will receive from a person other than the client an inducement in relation to a service provided to the client, in the form of monetary or non-monetary benefits or services. |