Recital 91 Operational principles for oversight

The exercise of the oversight should be guided by three operational principles seeking to ensure: (a) close coordination among the ESAsEuropean Supervisory Authority in their Lead Overseer means the European Supervisory Authority appointed in accordance with Article 31(1), point (b) of this Regulation; roles, through a joint oversight network (JONJoint Oversight Network ), (b) consistency with the framework established by Directive (EU) 2022/2555 (through a voluntary consultation of bodies under that Directive to avoid duplication of measures directed at critical ICT third-party service providers means an ICT third-party service provider designated as critical in accordance with Article 31;), and (c) applying diligence to minimise the potential risk means the potential for loss or disruption caused by an incident and is to be expressed as a combination of the magnitude of such loss or disruption and the likelihood of occurrence of the incident; of disruption to services provided by the critical ICT third-party service providers means an ICT third-party service provider designated as critical in accordance with Article 31; to customers that are entities means a natural or legal person created and recognised as such under the national law of its place of establishment, which may, acting under its own name, exercise rights and be subject to obligations; falling outside the scope of this Regulation.