**Summary:**
EEA Joint Committee Decision No. 147/2022, dated April 29, 2022, amends Annex IX (Financial Services) to the Agreement on the European Economic Area (EEA). The decision incorporates Commission Implementing Decision (EU) 2022/174, which determines the regulatory framework applicable to central counterparties in the United Kingdom of Great Britain and Northern Ireland as equivalent, in accordance with Regulation (EU) No 648/2012. This equivalence is for a limited period.
The decision also repeals obsolete Commission Implementing Decisions (EU) 2018/2031, (EU) 2019/544, and (EU) 2019/2211, which were previously incorporated into the EEA Agreement. Furthermore, Commission Implementing Decision (EU) 2020/1308 is repealed with effect from July 1, 2022, due to its expiration on June 30, 2022.
Article 1 outlines the specific amendments to Annex IX, replacing point 31bcaw with the text of Implementing Decision (EU) 2022/174 and deleting point 31bcay with effect from July 1, 2022. Article 2 states that the Icelandic and Norwegian language versions of Implementing Decision (EU) 2022/174 will be published in the EEA Supplement to the Official Journal of the European Union and will be authentic. The decision entered into force on April 30, 2022, following the completion of notifications 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 signing was Nicolas VON LINGEN.
Key Entities Referenced
EEA Joint Committee: The decision-making body responsible for the EEA Agreement.
EEA Agreement: The Agreement on the European Economic Area.
European Parliament: Legislative branch of the European Union
Council of the European Union: A component of the legislative branch of the European Union where representatives from each member state convene.
Commission Implementing Decision EU 2022/174: A decision determining the regulatory framework applicable to central counterparties in the United Kingdom of Great Britain and Northern Ireland is equivalent.
United Kingdom of Great Britain and Northern Ireland: A country in Europe.
Regulation EU No 648/2012: A regulation of the European Parliament and of the Council.
Brussels: The city where the decision was made.
22.9.2022 EN Official Journal of the European Union L 246/107
DECISION OF THE EEA JOINT COMMITTEE No 147/2022
of 29 April 2022
amending Annex IX (Financial services) to the EEA Agreement [2022/1591]
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) 2022/174 of 8 February 2022determining, 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) Commission Implementing Decisions (EU) 2018/2031(2), (EU) 2019/544(3) and (EU) 2019/2211(4), which are
incorporated into the EEA Agreement, have become obsolete and are consequently to be repealed under the EEA
Agreement.
(3) Commission Implementing Decision (EU) 2020/1308, which is incorporated into the EEA Agreement, will expire on
30 June 2022and is consequently to be repealed under the EEA Agreement with effect from 1 July 2022.
(4) Annex IX to the EEA Agreement should therefore be amended accordingly,
HAS ADOPTED THIS DECISION:
Article 1
Annex IX to the EEA Agreement shall be amended as follows:
1. The text of point 31bcaw (Commission Implementing Decision (EU) 2018/2031) is replaced by the following:
‘32022 D 0174: Commission Implementing Decision (EU) 2022/174 of 8 February 2022 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 (OJ L 28, 9.2.2022, p. 40).’
2. The text of point 31bcay (Commission Implementing Decision (EU) 2020/1308) shall be deleted with effect from 1 July
2022.
Article 2
The text of Implementing Decision (EU) 2022/174 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*.
(1) OJ L 28, 9.2.2022, p. 40.
(2) OJ L 325, 20.12.2018, p. 50.
(3) OJ L 95, 4.4.2019, p. 9.
(4) OJ L 332, 23.12.2019, p. 157.
(*) No constitutional requirements indicated.L 246/108 EN Official Journal of the European Union 22.9.2022
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