Recital 8

(8)Since the oversight tasks involve the processing of confidential information, the Lead Overseer should grant members of the joint examination team access to such information and to the relating IT (including tools, applications and datasets) and non-IT (including policy, procedures and documentation) resources on a need-to-know basis and within the specified scope of their assignments if that is necessary for members of the joint examination team to assist the Lead Overseer in the fulfilment of its statutory functions or tasks. When laying down arrangements between the Lead Overseer and the competent authorities to implement this Regulation, consistent with Commission Delegated Regulation (EU) 2024/1505 ³ , to ensure the proper financing of the costs associated to the resources provided by the nominating authorities, the Lead Overseer should include in such arrangements a section detailing the procedure of reimbursement of the direct and indirect costs of all nominating authorities involved in the joint examination teams. Furthermore, to ensure a transparent and trustworthy execution of the oversight activities, those arrangements should also ensure that the members of the joint examination teams are free from any conflict of interests while performing their duties.