Recital 96 Funding model for Oversight Framework

Whereas costs resulting from oversight tasks would be fully funded from fees levied on critical ICT third-party service providersmeans an ICT third-party service provider designated as critical in accordance with Article 31;, the ESAs are. however, likely to incur, before the start of the Oversight Framework, costs for the implementation of dedicated ICT systems supporting the upcoming oversight, since dedicated ICT systems would need to be developed and deployed beforehand. This Regulation therefore provides for a hybrid funding model, whereby the Oversight Framework would, as such, be fully fee-funded, while the development of the ESAs’ ICT systems would be funded from Union and national competent authorities’ contributions.