Home Europe EEA Joint Committee Decision of the EEA Joint Committee No 102/2019 of 11 April ...
Date: 2019-07-18 Category: Not Applicable State: Union Government Country: Europe

Decision of the EEA Joint Committee No 102/2019 of 11 April 2019 amending Annex IX (Financial Services) to the EEA Agreement [2019/1232]

Issued by EEA Joint Committee · Not Applicable

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Executive Summary & Key Takeaways

**Summary:** EEA Joint Committee Decision No. 102/2019, adopted on April 11, 2019, amends Annex IX (Financial Services) to the Agreement on the European Economic Area (EEA). The decision incorporates Commission Implementing Decision (EU) 2019/544 into the EEA Agreement, which itself amends Implementing Decision (EU) 2018/2031. Implementing Decision (EU) 2018/2031 determines the regulatory framework applicable to central counterparties in the United Kingdom as equivalent in accordance with Regulation (EU) No 648/2012. The amendment ensures that the aforementioned EU decisions are integrated into the EEA framework. The text of Implementing Decision (EU) 2019/544 in Icelandic and Norwegian languages will be published in the EEA Supplement to the Official Journal of the European Union and will be considered authentic. This Decision entered into force on April 11, 2019, following the completion of notifications required under Article 103(1) of the EEA Agreement. The decision will be published in the EEA Section of, and in the EEA Supplement to, the Official Journal of the European Union. The President of the EEA Joint Committee is Claude Maerten.

Key Entities Referenced

EEA Joint Committee: The governing body responsible for managing the Agreement on the European Economic Area (EEA). EEA Agreement: The Agreement on the European Economic Area, which extends the European Union's single market to Iceland, Liechtenstein, and Norway. Annex IX Financial Services to the EEA Agreement: A specific annex to the EEA Agreement that deals with financial services regulations. Commission Implementing Decision EU 2019/544: A decision by the European Commission amending Implementing Decision EU 2018/2031. Commission Implementing Decision EU 2018/2031: A decision determining the regulatory framework applicable to central counterparties in the United Kingdom of Great Britain and Northern Ireland is equivalent. Regulation EU No 648/2012: A regulation of the European Parliament and of the Council, related to central counterparties. United Kingdom of Great Britain and Northern Ireland: A sovereign country located off the north-western coast of continental Europe. Brussels: The de facto capital city of the European Union, located in Belgium, where the decision was adopted.
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18.7.2019 EN Official Journal of the European Union L 192/57 DECISION OF THE EEA JOINT COMMITTEE No 102/2019 of 11 April 2019 amending Annex IX (Financial Services) to the EEA Agreement [2019/1232] THE EEA JOINT COMMITTEE, Having regard to the Agreement on the European Economic Area (‘the EEA Agreement’), and in particular Article 98 thereof, Whereas: (1) Commission Implementing Decision (EU) 2019/544 of 3 April 2019 amending Implementing Decision (EU) 2018/2031 determining, for a limited period of time, that the regulatory framework applicable to central counterparties in the United Kingdom of Great Britain and Northern Ireland is equivalent, in accordance with Regulation (EU) No 648/2012 of the European Parliament and of the Council (1) is to be incorporated into the EEA Agreement. (2) Annex IX to the EEA Agreement should therefore be amended accordingly, HAS ADOPTED THIS DECISION: Article 1 The following is added in point 31bcaw (Commission Implementing Decision (EU) 2018/2031) of Annex IX to the EEA Agreement: ‘, as amended by: — 32019 D 0544: Commission Implementing Decision (EU) 2019/544 of 3 April 2019 (OJ L 95, 4.4.2019, p. 9).’ Article 2 The text of Implementing Decision (EU) 2019/544 in the Icelandic and Norwegian languages, to be published in the EEA Supplement to the Official Journal of the European Union, shall be authentic. Article 3 This Decision shall enter into force on 11 April 2019, provided that all the notifications under Article 103(1) of the EEA Agreement have been made (*). Article 4 This Decision shall be published in the EEA Section of, and in the EEA Supplement to, the Official Journal of the European Union. Done at Brussels, 11 April 2019. For the EEA Joint Committee The President Claude MAERTEN (1) OJ L 95, 4.4.2019, p. 9. (*) No constitutional requirements indicated.

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