Home Europe EEA Joint Committee Decision of the EEA Joint Committee No 152/2016 of 8 July 20...
Date: 2018-03-15 Category: Not Applicable State: Union Government Country: Europe

Decision of the EEA Joint Committee No 152/2016 of 8 July 2016 amending Annex IX (Financial services) to the EEA Agreement [2018/374]

Issued by EEA Joint Committee · Not Applicable

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Executive Summary & Key Takeaways

**Policy Summary** This decision of the EEA Joint Committee No. 152/2016, dated 8 July 2016, amends Annex IX (Financial Services) to the EEA Agreement. The amendment incorporates Commission Delegated Regulation (EU) 2015/1605 of 12 June 2015 into the EEA Agreement. This regulation amends Regulation (EC) No 1569/2007, which establishes a mechanism for determining the equivalence of accounting standards applied by third-country issuers of securities, pursuant to Directives 2003/71/EC and 2004/109/EC of the European Parliament and of the Council. Article 1 specifies the addition of "32015 R 1605: Commission Delegated Regulation (EU) 2015/1605 of 12 June 2015 OJ L 249, 25.9.2015, p. 3." to point 29e Commission Regulation (EC) No 1569/2007 of Annex IX to the EEA Agreement. The authentic texts of Delegated Regulation (EU) 2015/1605 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 9 July 2016, contingent upon completion of notifications 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.

Key Entities Referenced

EEA Joint Committee: The decision was made by the EEA Joint Committee, responsible for managing the EEA Agreement. EEA Agreement: The Agreement on the European Economic Area which is the primary legal basis for the decision. Annex IX Financial services to the EEA Agreement: The specific annex to the EEA Agreement that is being amended by this decision, concerning financial services. Commission Delegated Regulation EU 2015/1605: A European Union regulation amending Regulation EC No 1569/2007. It relates to accounting standards applied by third-country issuers of securities and is being incorporated into the EEA Agreement. Regulation EC No 1569/2007: A European Commission regulation establishing a mechanism for determining the equivalence of accounting standards. Directives 2003/71/EC: Directive of the European Parliament and of the Council concerning the prospectus to be published when securities are offered to the public or admitted to trading. Directive 2004/109/EC: Directive of the European Parliament and of the Council on the harmonisation of transparency requirements in relation to information about issuers whose securities are admitted to trading on a regulated market. Brussels: The location where the decision was finalized and signed.
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15.3.2018 EN Official Journal of the European Union L 73/27 DECISION OF THE EEA JOINT COMMITTEE No 152/2016 of 8 July 2016 amending Annex IX (Financial services) to the EEA Agreement [2018/374] 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) 2015/1605 of 12 June 2015 amending Regulation (EC) No 1569/2007 establishing a mechanism for the determination of equivalence of accounting standards applied by third country issuers of securities pursuant to Directives 2003/71/EC and 2004/109/EC 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 29e (Commission Regulation (EC) No 1569/2007) of Annex IX to the EEA Agreement: ‘— 32015 R 1605: Commission Delegated Regulation (EU) 2015/1605 of 12 June 2015 (OJ L 249, 25.9.2015, p. 3).’ Article 2 The text of Delegated Regulation (EU) 2015/1605 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 9 July 2016, 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, 8 July 2016. For the EEA Joint Committee The President Bergdís ELLERTSDÓTTIR (1) OJ L 249, 25.9.2015, p. 3. (*) No constitutional requirements indicated.

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