**Summary:**
EEA Joint Committee Decision No. 148/2022, adopted on April 29, 2022, amends Annex IX (Financial Services) to the Agreement on the European Economic Area (EEA). The decision incorporates Commission Delegated Regulation (EU) 2021/2268 of September 6, 2021, into the EEA Agreement. Regulation (EU) 2021/2268 amends Commission Delegated Regulation (EU) 2017/653, addressing regulatory technical standards related to the presentation of performance scenarios, costs, and past performance information for packaged retail and insurance-based investment products (PRIIPs). Specifically, it concerns the methodology for calculating summary cost indicators, the presentation of costs, and alignment of transitional arrangements for PRIIP manufacturers. The amendment is detailed in Article 1, adding "32021 R 2268: Commission Delegated Regulation EU 2021/2268 of 6 September 2021OJ L 455 I, 20.12.2021, p. 1." to point 31bgb of Commission Delegated Regulation (EU) 2017/653 of Annex IX to the EEA Agreement. The authentic texts of Delegated Regulation (EU) 2021/2268 in Icelandic and Norwegian will be published in the EEA Supplement to the Official Journal of the European Union. The decision entered into force on April 30, 2022, contingent upon the completion of notifications under Article 103(1) of the EEA Agreement or the entry into force of Decision of the EEA Joint Committee No 67/2020 of 30 April 2020, whichever is later. 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 adoption was Nicolas VON LINGEN.
Key Entities Referenced
EEA Joint Committee: The governing body responsible for decisions related to the Agreement on the European Economic Area (EEA).
EEA Agreement: The Agreement on the European Economic Area, which extends the EU's single market to Iceland, Liechtenstein and Norway.
Commission Delegated Regulation EU 2021/2268: A regulation amending regulatory technical standards regarding the presentation of performance scenarios, costs, and information for packaged retail and insurance-based investment products (PRIIPs).
Commission Delegated Regulation EU 2017/653: A regulation laying down regulatory technical standards regarding the presentation, content, review and revision of key information documents for packaged retail and insurance-based investment products (PRIIPs).
Regulation EU No 1286/2014: Regulation of the European Parliament and of the Council on key information documents for packaged retail and insurance-based investment products (PRIIPs).
Brussels: The city where the decision was made.
Nicolas VON LINGEN: The President of the EEA Joint Committee.
Iceland: One of the member states of the EEA agreement
22.9.2022 EN Official Journal of the European Union L 246/109
DECISION OF THE EEA JOINT COMMITTEE No 148/2022
of 29 April 2022
amending Annex IX (Financial services) to the EEA Agreement [2022/1592]
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) 2021/2268 of 6 September 2021 amending the regulatory technical
standards laid down in Commission Delegated Regulation (EU) 2017/653 as regards the underpinning
methodology and presentation of performance scenarios, the presentation of costs and the methodology for the
calculation of summary cost indicators, the presentation and content of information on past performance and the
presentation of costs by packaged retail and insurance-based investment products (PRIIPs) offering a range of
options for investment and alignment of the transitional arrangement for PRIIP manufacturers offering units of
funds referred to in Article 32 of Regulation (EU) No 1286/2014 of the European Parliament and of the Council as
underlying investment options with the prolonged transitional arrangement laid down in that Article(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 31bgb (Commission Delegated Regulation (EU) 2017/653) of Annex IX to the EEA
Agreement:
‘— 32021 R 2268: Commission Delegated Regulation (EU) 2021/2268 of 6 September 2021(OJ L 455 I, 20.12.2021,
p. 1).’.
Article 2
The text of Delegated Regulation (EU) 2021/2268 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*, or on the day of the entry into force of Decision of the EEA Joint Committee No 67/2020 of
30 April 2020(2), whichever is the later.
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.
(1) OJ L 455 I, 20.12.2021, p. 1.
(*) No constitutional requirements indicated.
(2) Not yet published in the OJ.L 246/110 EN Official Journal of the European Union 22.9.2022
Done at Brussels, 29 April 2022.
For the EEA Joint Committee
The President
Nicolas VON LINGEN