Home Europe EEA Joint Committee Decision of the EEA Joint Committee No 157/2023 of 13 June 2...
Date: 2023-11-30 Category: Not Applicable State: Union Government Country: Europe

Decision of the EEA Joint Committee No 157/2023 of 13 June 2023 amending Annex IX (Financial services) to the EEA Agreement [2023/2554]

Issued by EEA Joint Committee · Not Applicable

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Executive Summary & Key Takeaways

**Policy Summary:** EEA Joint Committee Decision No. 157/2023, dated June 13, 2023, amends Annex IX (Financial Services) to the Agreement on the European Economic Area (EEA). The decision incorporates Commission Delegated Regulation (EU) 2023/511 into the EEA Agreement. This regulation supplements Regulation (EU) No 575/2013 of the European Parliament and of the Council by establishing regulatory technical standards for calculating risk-weighted exposure amounts of collective investment undertakings under the mandate-based approach. The legal reference for Commission Delegated Regulation (EU) 2023/511 is OJ L 71, 9.3.2023, p. 1. The authentic text of Delegated Regulation (EU) 2023/511 in Icelandic and Norwegian will be published in the EEA Supplement to the Official Journal of the European Union. The decision came into force on June 14, 2023, 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.

Key Entities Referenced

EEA Joint Committee: The governing body responsible for managing the EEA Agreement. EEA Agreement: Agreement on the European Economic Area. Article 98: Article within the EEA Agreement specifying amendment procedures. Commission Delegated Regulation EU 2023/511: A regulation supplementing Regulation EU No 575/2013 regarding risk-weighted exposure amounts of collective investment undertakings. Regulation EU No 575/2013: Regulation of the European Parliament and of the Council related to regulatory technical standards for the calculation of risk-weighted exposure amounts. Annex IX: Annex to the EEA Agreement related to Financial services. Brussels: Location where the decision was made. Nicolas VON LINGEN: The President of the EEA Joint Committee.
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Official Journal EN of the European Union L series 2023/2554 30.11.2023 DECISION OF THE EEA JOINT COMMITTEE No 157/2023 of 13 June 2023 amending Annex IX (Financial services) to the EEA Agreement [2023/2554] 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) 2023/511 of 24 November 2022 supplementing Regulation (EU) No 575/2013 of the European Parliament and of the Council with regard to regulatory technical standards for the calculation of risk-weighted exposure amounts of collective investment undertakings under the mandate-based approach(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 point is inserted after point 14azzi (Commission Delegated Regulation (EU) 2022/2328) of Annex IX to the EEA Agreement: ‘14azzk. 32023 R 0511: Commission Delegated Regulation (EU) 2023/511 of 24 November 2022 supplementing Regulation (EU) No 575/2013 of the European Parliament and of the Council with regard to regulatory technical standards for the calculation of risk-weighted exposure amounts of collective investment undertakings under the mandate-based approach (OJ L 71, 9.3.2023, p. 1).’ Article 2 The text of Delegated Regulation (EU) 2023/511 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 14 June 2023, 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, 13 June 2023. For the EEA Joint Committee The President Nicolas VON LINGEN (1) OJ L 71, 9.3.2023, p. 1. * No constitutional requirements indicated. ELI: http://data.europa.eu/eli/dec/2023/2554/oj 1/1

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