Date: 2018-03-15Category: Not ApplicableState: Union GovernmentCountry: Europe
Decision of the EEA Joint Committee No 161/2016 of 8 July 2016 amending Protocol 31 to the EEA Agreement, on cooperation in specific fields outside the four freedoms [2018/382]
**Summary:**
EEA Joint Committee Decision No. 161/2016, adopted on July 8, 2016, amends Protocol 31 to the EEA Agreement to extend cooperation between the Contracting Parties to include Union actions funded from the general budget of the European Union concerning company law. Specifically, Article 1 adds paragraph 13 to Article 7 of Protocol 31, stipulating that EFTA States shall participate in Union actions related to budget line 33 02 03 01 (Company law) as of January 1, 2016, entered into the general budget of the European Union for the financial year 2016. The decision, according to Article 2, entered into force on the day following the last notification under Article 103(1) of the EEA Agreement and applies retroactively from January 1, 2016. Article 3 mandates publication in the EEA Section of, and the EEA Supplement to, the Official Journal of the European Union. The President of the EEA Joint Committee at the time of signing was Bergdís Ellertsdóttir.
Key Entities Referenced
EEA Joint Committee: The decision-making body responsible for the EEA Agreement.
EEA Agreement: The Agreement on the European Economic Area.
Protocol 31 to the EEA Agreement: Protocol governing cooperation in specific fields outside the four freedoms within the EEA Agreement.
European Union: Political and economic union of European countries.
Article 7 of Protocol 31 to the EEA Agreement: Article within Protocol 31 that is amended by the decision.
EFTA States: The European Free Trade Association States participating in the EEA Agreement.
Budget line 33 02 03 01: Company law: Specific budget line in the general budget of the European Union for the financial year 2016 related to company law.
Brussels: City in Belgium, where the decision was made.
15.3.2018 EN Official Journal of the European Union L 73/35
DECISION OF THE EEA JOINT COMMITTEE
No 161/2016
of 8 July 2016
amending Protocol 31 to the EEA Agreement, on cooperation in specific fields outside the four
freedoms [2018/382]
THE EEA JOINT COMMITTEE,
Having regard to the Agreement on the European Economic Area (‘the EEA Agreement’), and in particular Articles 86 and
98 thereof,
Whereas:
(1) It is appropriate to extend the cooperation of the Contracting Parties to the EEA Agreement to include Union actions
funded from the general budget of the European Union regarding company law.
(2) Protocol 31 to the EEA Agreement should therefore be amended in order to allow for this extended cooperation to
take place from 1 January 2016,
HAS ADOPTED THIS DECISION:
Article 1
The following paragraph is added in Article 7 of Protocol 31 to the EEA Agreement:
‘13. The EFTA States shall, as from 1 January 2016, participate in the Union actions related to the following budget
line, entered into the general budget of the European Union for the financial year 2016:
— Budget line 33 02 03 01: “Company law”.’
Article 2
This Decision shall enter into force on the day following the last notification under Article 103(1) of the EEA Agreement (1).
It shall apply from 1 January 2016.
Article 3
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) No constitutional requirements indicated.