Article 5Note: This article is based on the final draft from the ESAs and is not yet adopted. Working arrangements of the members of the joint examination team
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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.
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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 but not limited to specifications relating to the use of IT tools and equipment, and time management.
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The members of the joint examination team shall follow the information and data handling specifications and instructions as provided by the Lead Overseer coordinatordefined in-line and shall comply with the confidentiality regime of the European Supervisory Authorities.
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The Lead Overseerthe 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 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 member of the joint examination team, where appropriate.
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The Lead Overseerthe 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.