Recital 87 Designation of Lead Overseer by preponderance

To ensure that critical ICT third-party service providers means an ICT third-party service provider designated as critical in accordance with Article 31; are appropriately and effectively overseen on a Union level, this Regulation provides that any of the three ESAsEuropean Supervisory Authority could be designated as a Lead Overseer means the European Supervisory Authority appointed in accordance with Article 31(1), point (b) of this Regulation;. The individual assignment of a critical ICT third-party service provider means an ICT third-party service provider designated as critical in accordance with Article 31; to one of the three ESAsEuropean Supervisory Authority should result from an assessment of the preponderance of financial entitiesas defined in Article 2, points (a) to (t) operating in the financial sectors for which that ESAEuropean Supervisory Authority has responsibilities. This approach should lead to a balanced allocation of tasks and responsibilities between the three ESAsEuropean Supervisory Authority, in the context of exercising the oversight functions, and should make the best use of the human resources and technical expertise available in each of the three ESAsEuropean Supervisory Authority.