**Policy Summary:**
EEA Joint Committee Decision No. 212/2020, adopted on December 11, 2020, amends Annex IX (Financial Services) to the Agreement on the European Economic Area (EEA). The decision incorporates Commission Implementing Regulation (EU) 2020/641 of May 12, 2020, into the EEA Agreement. Regulation (EU) 2020/641 lays down technical information for the calculation of technical provisions and basic own funds for reporting with reference dates from March 31, 2020, until June 29, 2020, in accordance with Directive 2009/138/EC on the taking-up and pursuit of the business of Insurance and Reinsurance (Solvency II). The authentic Icelandic and Norwegian language texts of Implementing Regulation (EU) 2020/641 will be published in the EEA Supplement to the Official Journal of the European Union. This Decision entered into force on December 12, 2020, 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 (OJ L 240/77, 28.9.2023).
Key Entities Referenced
Council of the European Union: A component of the EU legislative branch.
EEA Joint Committee: The decision was made by the EEA Joint Committee.
EEA Agreement: Agreement on the European Economic Area
Annex IX Financial services to the EEA Agreement: The annex being amended by the decision.
Commission Implementing Regulation EU 2020/641: Commission Implementing 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.
European Parliament: Legislative branch of the European Union
Brussels: Location where the decision was finalized.
28.9.2023 EN Official Journal of the European Union L 240/77
DECISION OF THE EEA JOINT COMMITTEE No 212/2020
of 11 December 2020
amending Annex IX (Financial services) to the EEA Agreement [2023/2014]
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) 2020/641 of 12 May 2020laying down technical information for the
calculation of technical provisions and basic own funds for reporting with reference dates from 31 March 2020
until 29 June 2020in 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 1zk (Commission Implementing Regulation (EU) 2020/193) of Annex IX to the
EEA Agreement:
‘1zl. 32020 R 0641: Commission Implementing Regulation (EU) 2020/641 of 12 May 2020 laying down technical
information for the calculation of technical provisions and basic own funds for reporting with reference dates from
31 March 2020 until 29 June 2020in 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 150, 13.5.2020, p. 34).’
Article 2
The text of Implementing Regulation (EU) 2020/641 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 12 December 2020, 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.
(1) OJ L 150, 13.5.2020, p. 34.
* No constitutional requirements indicated.L 240/78 EN Official Journal of the European Union 28.9.2023
Done at Brussels, 11 December 2020.
For the EEA Joint Committee
The President
Sabine MONAUNI