Home Europe EEA Joint Committee Decision of the EEA Joint Committee No 143/2022 of 29 April ...
Date: 2022-09-22 Category: Not Applicable State: Union Government Country: Europe

Decision of the EEA Joint Committee No 143/2022 of 29 April 2022 amending Annex IX (Financial services) to the EEA Agreement [2022/1587]

Issued by EEA Joint Committee · Not Applicable

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Executive Summary & Key Takeaways

**Policy Summary:** EEA Joint Committee Decision No. 143/2022, dated April 29, 2022, amends Annex IX (Financial Services) to the Agreement on the European Economic Area (EEA). The amendment incorporates Commission Implementing Regulation (EU) 2021/1971 of September 13, 2021, which amends Implementing Regulation (EU) 2016/2070. Regulation 2016/2070 lays down implementing technical standards for templates, definitions, and IT solutions used by institutions for reporting to the European Banking Authority and competent authorities, as per Article 78(2) of Directive 2013/36/EU. The decision adds the following indent to point 14m (Commission Implementing Regulation (EU) 2016/2070) of Annex IX to the EEA Agreement: "32021 R 1971: Commission Implementing Regulation (EU) 2021/1971 of 13 September 2021 (OJ L 412, 19.11.2021, p. 1)." The authentic Icelandic and Norwegian language texts of Implementing Regulation (EU) 2021/1971 will be published in the EEA Supplement to the Official Journal of the European Union. The decision entered into force on April 30, 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 adopting decisions related to the Agreement on the European Economic Area. EEA Agreement: The Agreement on the European Economic Area, which extends the EU's single market to Iceland, Liechtenstein, and Norway. Annex IX to the EEA Agreement: A specific annex to the EEA Agreement pertaining to Financial services. Commission Implementing Regulation EU 2021/1971: A regulation amending Implementing Regulation EU 2016/2070 regarding reporting requirements for institutions to the European Banking Authority and competent authorities. Implementing Regulation EU 2016/2070: A regulation laying down implementing technical standards for templates, definitions, and IT solutions for reporting to the European Banking Authority. European Banking Authority: An EU agency responsible for regulating and supervising the banking sector across Europe. Directive 2013/36/EU: A directive of the European Parliament and of the Council related to access to the activity of credit institutions and the prudential supervision of credit institutions and investment firms. Brussels: The city where the EEA Joint Committee decision was adopted.
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L 246/102 EN Official Journal of the European Union 22.9.2022 DECISION OF THE EEA JOINT COMMITTEE No 143/2022 of 29 April 2022 amending Annex IX (Financial services) to the EEA Agreement [2022/1587] 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 Regulation (EU) 2021/1971 of 13 September 2021amending Implementing Regulation (EU) 2016/2070 laying down implementing technical standards for templates, definitions and IT-solutions to be used by institutions when reporting to the European Banking Authority and to competent authorities in accordance with Article 78(2) of Directive 2013/36/EU 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 indent is added in point 14m (Commission Implementing Regulation (EU) 2016/2070) of Annex IX to the EEA Agreement: ‘— 32021 R 1971: Commission Implementing Regulation (EU) 2021/1971 of 13 September 2021 (OJ L 412, 19.11.2021, p. 1).’ Article 2 The text of Implementing Regulation (EU) 2021/1971 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 30 April 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, 29 April 2022. For the EEA Joint Committee The President Nicolas VON LINGEN (1) OJ L 412, 19.11.2021, p. 1. (*) No constitutional requirements indicated.

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