Recital 14 Multiple financial entities and TLPT authorities

Where several financial entities and several TLPT authoritiesmeans any of the following:the single public authority in the financial sector designated in accordance with Article 26(9) of Regulation (EU) 2022/2554;the authority in the financial sector to which the exercise of some or all of the tasks in relation to TLPT is delegated in accordance with Article 26(10) of Regulation (EU) 2022/2554;any of the competent authorities referred to in Article 46 of Regulation (EU) 2022/2554; are involved in a TLPT, the roles of all parties in the TLPT process should be specified to conduct the most efficient and safe test. For the purposes of pooled testing, specific requirements are necessary to specify the role of the designated financial entity, namely that it should be in charge of providing all necessary documentation to the lead TLPT authoritymeans any of the following:the single public authority in the financial sector designated in accordance with Article 26(9) of Regulation (EU) 2022/2554;the authority in the financial sector to which the exercise of some or all of the tasks in relation to TLPT is delegated in accordance with Article 26(10) of Regulation (EU) 2022/2554;any of the competent authorities referred to in Article 46 of Regulation (EU) 2022/2554; and of monitoring the test process. The designated financial entity should also be in charge of the common aspects of the risk management assessment. Notwithstanding the role of the designated financial entity, the obligations of each financial entity participating to the pooled TLPT process should remain unaffected during the pooled test. The same principle should apply for joint TLPTsmeans a TLPT, other than a pooled TLPT as referred to in Article 26(4) of Regulation (EU) 2022/2554, involving several financial entities using the same ICT intra-group service provider, or belonging to the same group and sharing ICT systems..