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C. Relationship with the Issuer

1.Written agreements. VASPs must have written Client Agreements with all Issuers to whom they provide Licensed Distribution Services in compliance with Part II of the Market Conduct Rulebook.
2.
Conflicts of interest. In addition to all existing requirements in Part II.C of the Company Rulebook, VASPs providing Licensed Distribution Services must have, and implement written controls to prevent, monitor, manage and disclose any conflicts of interest when providing Licensed Distribution Services. Such controls must address, but not be limited to—
 
a.the pricing of the initial placement or distribution of all Virtual Assets; and
b.conditions on which the VASP may receive an allocation of, or purchase, the Virtual Assets including for the purposes of dealing as principal, making a market, or by way of renumeration for the VASPs services.