Home Europe EEA Joint Committee Decision of the EEA Joint Committee No 12/2022 of 4 February...
Date: 2022-06-30 Category: Not Applicable State: Union Government Country: Europe

Decision of the EEA Joint Committee No 12/2022 of 4 February 2022 amending Annex IX (Financial services) to the EEA Agreement [2022/1060]

Issued by EEA Joint Committee · Not Applicable

Research with AI Agent Chat with Document Generate Summary Translate Helpful Share Add to Project Create Task

Executive Summary & Key Takeaways

**Summary:** EEA Joint Committee Decision No. 12/2022, dated 4 February 2022, amends Annex IX (Financial Services) to the Agreement on the European Economic Area (EEA). The decision incorporates Commission Delegated Regulation (EU) 2021/1254 of 21 April 2021 into the EEA Agreement. This regulation corrects Delegated Regulation (EU) 2017/565, which supplements Directive 2014/65/EU regarding organizational requirements, operating conditions for investment firms, and defined terms. The amendment adds a reference to Regulation (EU) 2021/1254 within point 31bah of Commission Delegated Regulation (EU) 2017/565 of Annex IX. The authentic Icelandic and Norwegian language texts of Delegated Regulation (EU) 2021/1254 will be published in the EEA Supplement to the Official Journal of the European Union. The decision entered into force on 5 February 2022, following notification under Article 103(1) of the EEA Agreement. The decision was 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 at the time of the decision was Nicolas VON LINGEN.

Key Entities Referenced

EEA Joint Committee: The decision-making body responsible for amending the EEA Agreement. EEA Agreement: The Agreement on the European Economic Area. Commission Delegated Regulation EU 2021/1254: A regulation correcting Delegated Regulation EU 2017/565, supplementing Directive 2014/65/EU. Directive 2014/65/EU: A directive of the European Parliament and of the Council regarding organisational requirements and operating conditions for investment firms. Commission Delegated Regulation EU 2017/565: A regulation supplementing Directive 2014/65/EU of the European Parliament and of the Council. Article 98: Article 98 of the EEA Agreement, providing the legal basis for the decision. Annex IX: Annex IX Financial services to the EEA Agreement. Brussels: The location where the decision was made.
Official Source Record View Original Source →
See Full Document Text
30.6.2022 EN Official Journal of the European Union L 175/23 DECISION OF THE EEA JOINT COMMITTEE No 12/2022 of 4 February 2022 amending Annex IX (Financial services) to the EEA Agreement [2022/1060] 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 Delegated Regulation (EU) 2021/1254 of 21 April 2021 correcting Delegated Regulation (EU) 2017/565 supplementing Directive 2014/65/EU of the European Parliament and of the Council as regards organisational requirements and operating conditions for investment firms and defined terms for the purposes of that Directive(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 indent is added in point 31bah (Commission Delegated Regulation (EU) 2017/565) of Annex IX to the EEA Agreement: ‘- 32021 R 1254: Commission Delegated Regulation (EU) 2021/1254 of 21 April 2021(OJ L 277, 2.8.2021, p. 6).’ Article 2 The text of Delegated Regulation (EU) 2021/1254 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 5 February 2022, 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, 4 February 2022. For the EEA Joint Committee The President Nicolas VON LINGEN (1) OJ L 277, 2.8.2021, p. 6. (*) No constitutional requirements indicated.

Continue your research