Criteria to determine the sufficient number of analysts, employees and other persons directly involved in assessment activities
Article 3
1. ESMA shall determine the number of analysts, employees and other persons directly involved in assessment activities of an external reviewer to be sufficient as referred to in Article 23(2), point (b), of Regulation (EU) 2023/2631 where the number is appropriate to the nature and scale of the external reviews to be carried out by the external reviewer and the tasks required of external reviewers pursuant to that Regulation. 2. For the purposes of paragraph 1, ESMA shall take into account the following information: (a) the total number of analysts, employees and other persons directly involved in assessment activities, their seniority, their job descriptions, the permanent or temporary nature of their employment contracts, and the reasons why the external reviewer considers the numbers and roles to be appropriate; (b) the expected number and duration of external reviews to be provided in the next 24 months, and the reasons why the external reviewer considers that the number of employees and other persons directly involved in assessment activities is commensurate to the number and duration of future external reviews.