Examples of Lead Overseer in a sentence
Or. en Amendment 104 Proposal for a regulation Article 30 – title Text proposed by the Commission Amendment Tasks of the Lead Overseer Tasks of the Joint Oversight Executive Body Or. en Amendment 105 Proposal for a regulation Article 30 – paragraph 1 Text proposed by the Commission Amendment 1.
To date, no requests for exclusion affected by the agreement have been received.
There should also be a mechanism in place to ensure dialogue between the CTPP and Oversight Forum/ Lead Overseer, in particular in relation to the Oversight plan to be produced annually by the Lead Overseer.
While we agree with the current proposal granting core oversight powers to the ESAs which will help ensure the effectiveness of this approach, one may consider appointing only one ESA as Lead Overseer rather than three to ensure capacity building and expertise.
In addition, the cooperation between the Lead Overseer and the NIS 2.0 national competent authorities, as well as the articulation of the substantive scope of their respective powers, should be formalized.
In addition, making the appointment of the Lead Overseer depend on such a formula creates the risk that, for a given CTPP, the Lead Overseer changes over time, creating uncertainty and inefficiencies.
The Lead Overseer shall assess whether each critical ICT third-party service provider has in place comprehensive, sound and effective rules, procedures, mechanisms and arrangements to manage the ICT risks which it may pose to financial entities.
Additionally, to drive adequate oversight, where such providers are domiciled and established in third countries, they would be required to establish a subsidiary in the Union within 12 months of being designated as ‘critical’ by the Lead Overseer.
Or. <Original>{EN}en</Original></Amend><Amend>Amendment <NumAm>104</NumAm><DocAmend>Proposal for a regulation</DocAmend><Article>Article 30 – title</Article> Tasks of the Lead Overseer Tasks of the Joint Oversight Executive Body Or. <Original>{EN}en</Original></Amend><Amend>Amendment <NumAm>105</NumAm><DocAmend>Proposal for a regulation</DocAmend><Article>Article 30 – paragraph 1</Article> 1.
The Commission’s intention (Article 34(4)) for the Lead Overseer to conduct on-site inspections covering “the full range of relevant ICT systems, networks, devices, information and data either used for, or contributing to, the provision of services to financial entities”, does not necessarily align with or recognise the way in which ICT companies operate today.