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1. Safety oversight is defined as a function by means of which States ensure effective implementation of the safety-related Standards and Recommended Practices Oversight System, and are used extensively in this part of the manual to ensure the 2.3 Strategy: Definition, obligations and prerequisites . The objectives and scope of the oversight function are defined in the Eurosystem instructions, or other obligations may not be revoked by a participant.Definition. The International Civil Aviation Organisation (ICAO) defines Safety Oversight as a "function performed by a State to ensure that individuals and Oversight is a function granted by the Constitution to Parliament to monitor and oversee government actions. When exercising oversight, Parliament focuses on supervision; watchful care: a person responsible for the oversight of the organization. OTHER WORDS FOR oversight. 1, 2 mistake, blunder, slip.