1. When appointing auctioneers and the auction monitor, the Member States shall take into account the extent to which candidates:
(a)
exhibit the least risk of conflict of interest or market abuse having regard to the following:
(i)
any activities on the secondary market;
(ii)
any internal processes and procedures to mitigate the risk of conflict of interest or market abuse;
(b)
are able to fulfil the auctioneer's or the auction monitor's functions, in a timely manner, in accordance with the highest professional and quality standards.
2. The auctioneer's appointment shall be subject to the conclusion of the arrangements referred to in Article 22(2) and (3) between the auctioneer and the auction platform concerned.