1.   In the case of a joint TLPT or a pooled TLPT, the control team of each financial entity shall conduct its own risk assessment and establish its own risk management measures.

2.   The control team of the designated financial entity referred to in Article 16(3), point (b), of this Regulation, or the financial entity designated in accordance with Article 26(4) of Regulation (EU) 2022/2554, shall assess the risks relating to the involvement in the TLPT of multiple financial entities. The control teams of the involved financial entities shall cooperate with the control team of the designated financial entity to identify potential joint risks.