**Policy Summary:**
EEA Joint Committee Decision No. 211/2022, enacted on July 8, 2022, amends Annex IX (Financial Services) to the Agreement on the European Economic Area (EEA). The decision incorporates Commission Implementing Regulation (EU) 2022/732 into the EEA Agreement. Regulation (EU) 2022/732, published in the Official Journal of the European Union (OJ L 136, 13.5.2022, p. 8), lays down technical information for calculating technical provisions and basic own funds for reporting with reference dates from March 31, 2022, until June 29, 2022, as mandated by Directive 2009/138/EC on Insurance and Reinsurance. The Decision stipulates that the Icelandic and Norwegian language versions of Implementing Regulation (EU) 2022/732 will be published in the EEA Supplement to the Official Journal of the European Union and are considered authentic. The Decision came into effect on July 9, 2022, following Article 103(1) of the EEA Agreement. It was published in the EEA Section of, and the EEA Supplement to, the Official Journal of the European Union.
Key Entities Referenced
Brussels: The city where the decision was adopted, implying it is the location of the EEA Joint Committee.
EEA Joint Committee: The governing body responsible for managing the EEA Agreement.
EEA Agreement: The Agreement on the European Economic Area, which extends the EU's single market to Iceland, Liechtenstein and Norway.
Annex IX Financial services to the EEA Agreement: A specific annex to the EEA Agreement addressing financial services regulations.
Commission Implementing Regulation EU 2022/732: A regulation laying down technical information for the calculation of technical provisions and basic own funds for reporting.
Directive 2009/138/EC: Directive of the European Parliament and of the Council on the taking-up and pursuit of the business of Insurance and Reinsurance (Solvency II).
European Parliament: One of the legislative bodies of the European Union
Council of the European Union: One of the legislative bodies of the European Union
L 85/20 EN Official Journal of the European Union 23.3.2023
DECISION OF THE EEA JOINT COMMITTEE No 211/2022
of 8 July 2022
amending Annex IX (Financial services) to the EEA Agreement [2023/628]
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) 2022/732 of 12 May 2022laying down technical information for the
calculation of technical provisions and basic own funds for reporting with reference dates from 31 March 2022
until 29 June 2022in accordance with Directive 2009/138/EC of the European Parliament and of the Council on
the taking-up and pursuit of the business of Insurance and Reinsurance(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 1zs (Commission Implementing Regulation (EU) 2022/186) of Annex IX to the
EEA Agreement:
‘1zt. 32022 R 0732: Commission Implementing Regulation (EU) 2022/732 of 12 May 2022 laying down technical
information for the calculation of technical provisions and basic own funds for reporting with reference dates from
31 March 2022until 29 June 2022in accordance with Directive 2009/138/EC of the European Parliament and of
the Council on the taking-up and pursuit of the business of Insurance and Reinsurance (OJ L 136, 13.5.2022, p. 8).’
Article 2
The text of Implementing Regulation (EU) 2022/732 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 2022, 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 2022.
For the EEA Joint Committee
The President
Kristján Andri STEFÁNSSON
(1) OJ L 136, 13.5.2022, p. 8.
(*) No constitutional requirements indicated.