3. For the purposes of conducting a joint TLPT:
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(a)
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the TLPT authorities of the financial entities shall agree on which financial entity shall be designated to conduct the TLPT, considering the group structure and the efficiency of the test;
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(b)
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the TLPT authority of the financial entity designated in accordance with point (a) shall lead the TLPT, unless otherwise agreed by the TLPT authorities of the financial entities participating in the joint TLPT;
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(c)
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the TLPT authorities of the financial entities other than the designated financial entity to lead the joint TLPT may either express their interest in following the TLPT as observers or assign a test manager for that TLPT.
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The lead TLPT authority shall coordinate all TLPT authorities involved in the joint TLPT and adopt all the decisions necessary to carry out the joint TLPT in a sound and effective way.