Recital 4 Resource allocation for JETs

To ensure the most effective use of resources in the execution of oversight activities, members of joint examination teams should be able to be part of several joint examination teams and to oversee multiple critical ICT third-party service providers means an ICT third-party service provider designated as critical in accordance with Article 31;. The number of the critical ICT third-party service providers means an ICT third-party service provider designated as critical in accordance with Article 31; to be assigned to a specific member of joint examination team, and overall staffing needs of the joint examination teams, should take into account the 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; profile of the critical ICT third-party service providers means an ICT third-party service provider designated as critical in accordance with Article 31; and the envisaged level of intensity of oversight activities. That possibility to oversee multiple critical ICT third-party service providers means an ICT third-party service provider designated as critical in accordance with Article 31; is taken into account in the strategic multi-annual oversight plan, updated annually by the Lead Overseers means the European Supervisory Authority appointed in accordance with Article 31(1), point (b) of this Regulation; to the extent necessary, and reflected into the individual annual oversight plan. To ensure the reliability of the planned and ongoing commitment of resource staffing of the joint examination teams by the nominating authorities, the Lead Overseer means the European Supervisory Authority appointed in accordance with Article 31(1), point (b) of this Regulation; should consult both the Joint Oversight Network and the Oversight Foruma sub-committee of the Joint Committee for the purposes of supporting the work of the Joint Committee and of the Lead Overseer in the area of ICT third-party risk across financial sectors on the strategic multi-annual oversight plan.