(Article 14 of Directive 2011/61/EU)
For the purpose of identifying the types of conflicts of interest that arise in the course of managing an AIF, AIFMs shall take into account, in particular, whether the AIFM, a relevant person or a person directly or indirectly linked by way of control to the AIFM:
(a) is likely to make a financial gain, or avoid a financial loss, at the expense of the AIF or its investors;
(b) has an interest in the outcome of a service or an activity provided to the AIF or its investors or to a client or of a transaction carried out on behalf of the AIF or a client, which is distinct from the AIF's interest in that outcome;
(c) has a financial or other incentive to favour:
- the interest of a UCITS, a client or group of clients or another AIF over the interest of the AIF,
- the interest of one investor over the interest of another investor or group of investors in the same AIF;
(d) carries out the same activities for the AIF and for another AIF, a UCITS or client;
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