Home Europe EEA Joint Committee Decision of the EEA Joint Committee No 184/2023 of 5 July 20...
Date: 21-Mar-2024 Category: Not Applicable State: Union Government Country: Europe

Decision of the EEA Joint Committee No 184/2023 of 5 July 2023 amending Annex IX (Financial services) to the EEA Agreement [2024/802]

Issued by EEA Joint Committee · Not Applicable

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Executive Summary & Key Takeaways

What it means

  • The Decision of the EEA Joint Committee No 184/2023 amends Annex IX (Financial services) to the EEA Agreement to incorporate Commission Implementing Regulation (EU) 2023/313.
  • Commission Implementing Regulation (EU) 2023/313 amends Implementing Regulation (EU) 2016/2070 regarding benchmark portfolios, reporting templates, and reporting instructions as per Article 78(2) of Directive 2013/36/EU.

Key Changes

  • The decision adds '32023 R 0313: Commission Implementing Regulation (EU) 2023/313 of 15 December 2022 (OJ L 46, 14.2.2023, p. 1).' to point 14m (Commission Implementing Regulation (EU) 2016/2070) of Annex IX to the EEA Agreement.
  • Implementing Regulation (EU) 2023/313 of 15 December 2022 amends the implementing technical standards laid down in Implementing Regulation (EU) 2016/2070.
  • The text of Implementing Regulation (EU) 2023/313 in Icelandic and Norwegian languages will be published in the EEA Supplement to the Official Journal of the European Union and shall be authentic.

Impact Analysis

Financial Institutions in the EEA

  • Action Items: Monitor the EEA Supplement to the Official Journal of the European Union for the authentic Icelandic and Norwegian language versions of the regulation.

EEA Regulators

  • Action Items: Conduct reviews and assessments of financial institutions' reporting practices to ensure compliance.

Software and Service Providers

  • Action Items: Communicate updates to clients and provide training on how to use the updated features.

Key Entities Referenced

EEA Joint Committee: The decision-making body responsible for the management of the EEA Agreement. Commission Implementing Regulation (EU) 2023/313: Regulation amending Implementing Regulation (EU) 2016/2070 regarding benchmark portfolios, reporting templates, and reporting instructions. Implementing Regulation (EU) 2016/2070: Regulation laying down implementing technical standards with regard to benchmark portfolios, reporting templates and reporting instructions for the reporting referred to in Article 78(2) of Directive 2013/36/EU. Directive 2013/36/EU: Directive of the European Parliament and of the Council on access to the activity of credit institutions and the prudential supervision of credit institutions and investment firms. EEA Agreement: Agreement on the European Economic Area.
Official Source Record View Original Source →
See Full Document Text
Official Journal EN of the European Union L series 2024/802 21.3.2024 DECISION OF THE EEA JOINT COMMITTEE No 184/2023 of 5 July 2023 amending Annex IX (Financial services) to the EEA Agreement [2024/802] 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 Regulation (EU) 2023/313 of 15 December 2022amending the implementing technical standards laid down in Implementing Regulation (EU) 2016/2070 as regards benchmark portfolios, reporting templates and reporting instructions for the reporting referred to in Article 78(2) of Directive 2013/36/EU 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 14m (Commission Implementing Regulation (EU) 2016/2070) of Annex IX to the EEA Agreement: ‘— 32023 R 0313: Commission Implementing Regulation (EU) 2023/313 of 15 December 2022 (OJ L 46, 14.2.2023, p. 1).’ Article 2 The text of Implementing Regulation (EU) 2023/313 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 6 July 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, 5 July 2023. For the EEA Joint Committee The President Pascal SCHAFHAUSER (1) OJ L 46, 14.2.2023, p. 1. * No constitutional requirements indicated. ELI: http://data.europa.eu/eli/dec/2024/802/oj 1/1

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