Article 5 - Working arrangements of the members of the joint examination team
1)
The members of the joint examination team shall carry out their tasks identified in the
individual annual oversight plan with due skill, care and diligence without any bias and
in accordance with the instructions of the Lead Overseer coordinator.
individual annual oversight plan with due skill, care and diligence without any bias and
in accordance with the instructions of the Lead Overseer coordinator.
2)
When carrying out oversight tasks, the members of the joint examination team shall
follow oversight procedures drafted jointly by the European Supervisory Authorities in
relation to the conduct of oversight activities and any relevant operational area,
including but not limited to specifications relating to the use of IT tools and equipment,
and time management.
follow oversight procedures drafted jointly by the European Supervisory Authorities in
relation to the conduct of oversight activities and any relevant operational area,
including but not limited to specifications relating to the use of IT tools and equipment,
and time management.
3)
The members of the joint examination team shall follow the information and data
handling specifications and instructions as provided by the Lead Overseer coordinator
and shall comply with the confidentiality regime of the European Supervisory
Authorities.
handling specifications and instructions as provided by the Lead Overseer coordinator
and shall comply with the confidentiality regime of the European Supervisory
Authorities.
4)
The Lead Overseer and the nominating authorities shall establish arrangements to
implement the requirements in this Regulation, including arrangements on the time
spent and estimated costs related to the oversight activities performed by the joint
examination team, training and ethical and conduct considerations in relation to the role
of the member of the joint examination team, where appropriate.
implement the requirements in this Regulation, including arrangements on the time
spent and estimated costs related to the oversight activities performed by the joint
examination team, training and ethical and conduct considerations in relation to the role
of the member of the joint examination team, where appropriate.
5)
The Lead Overseer and the nominating authorities shall ensure that the arrangements
referred to in paragraph 4 are timely implemented, reviewed and kept up to date.
referred to in paragraph 4 are timely implemented, reviewed and kept up to date.