What do you understand by the emergency use listing process (E | Test Portal UPSC Only

What do you understand by the emergency use listing process (EUL) ?

(1) it is a risk-based procedure for assessing and listing unlicensed vaccines, therapeutics and in vitro Diagnostics.

(2) This list assists the UN's interested procurement agencies and member states in determining the acceptability to use specific products based on available quality, safety, and efficacy and performance data.