Recital 5

(5)The Lead Overseer should apply a combination of criteria and principles when identifying the number of staff members in each joint examination team and the resulting composition. Given the diverse technological and geographical footprint and the use made by various financial entities of critical ICT third-party service providers, those criteria and principles should take into account the technical nature of the oversight tasks, the different grade of dependency of financial entities on the services provided by the critical ICT third-party service providers, the geographical distribution, the size and the number of financial entities relying on those services and, where possible, a proportionate cross-sectoral representation. In performing that task, the Lead Overseer should rely on the information provided by the competent authorities in the context of the designation of the critical ICT third-party service providers, including information needed for all the sub-criteria as laid down in Commission Delegated Regulation (EU) 2024/1502 ² and consider the criticality of the critical ICT third-party service providers for the provisioning of specific financial services both at Member State and Union level.