supplementing Regulation 2022/2554 of the European Parliament and of the Council with regard to regulatory technical standards to specify the criteria for determining the composition of the joint examination team ensuring a balanced participation of staff members from the ESAs and from the relevant competent authorities, their designation, tasks, and working arrangements

This procedure sets out technical standards for joint teams that will oversee financial services. These teams will ensure a balanced representation from European Supervisory Authorities and national authorities, aiming for effective and coordinated supervision in the digital age. The rules will affect financial institutions and their supervisors. They specify how these joint teams will be formed, their responsibilities, and how they will operate, impacting the oversight of digital financial services and market integrity.