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 biasbusiness impact analysis and in accordance with the instructions of the Lead Overseer coordinatordefined in-line referred to in Article 40(2), second subparagraph of Regulation (EU) 2022/2554.

    1. 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 specifications relating to the use of IT tools and equipment and time management.

    1. The members of the joint examination team shall follow the information and data handling specifications and instructions provided by the Lead Overseer coordinatordefined in-line referred to in Article 40(2), second subparagraph of Regulation (EU) 2022/2554 and shall comply with the confidentiality regime of the European Supervisory Authorities.

    1. The Lead Overseer means the European Supervisory Authority appointed in accordance with Article 31(1), point (b) of this Regulation; and the nominating authorities shall establish arrangements to implement the requirements laid down 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 members of the joint examination team, where appropriate.

    1. The Lead Overseer means the European Supervisory Authority appointed in accordance with Article 31(1), point (b) of this Regulation; and the nominating authorities shall ensure that the arrangements referred to in paragraph 4 are timely implemented, reviewed, and kept up to date.

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