Executive Summary:
EEA Joint Committee Decision No 213/2020 amends Annex IX (Financial services) to the EEA Agreement to incorporate Commission Delegated Regulation (EU) 2019/411 and Commission Implementing Regulation (EU) 2019/410, both related to payment services. The decision entered into force on December 12, 2020, or the entry into force of Decision of the EEA Joint Committee No 165/2019, whichever was later, pending notifications under Article 103(1) of the EEA Agreement. The decision mandates the publication of the incorporated regulations in the EEA Section of, and the EEA Supplement to, the Official Journal of the European Union.
Key Points / Main Content:
* **Amendment to Annex IX:**
* Annex IX to the EEA Agreement is amended to include regulations related to payment services.
* **Incorporated Regulations:**
* Commission Implementing Regulation (EU) 2019/410, regarding technical standards for information to be notified by competent authorities to the European Banking Authority, is incorporated.
* Commission Delegated Regulation (EU) 2019/411, regarding technical standards for the electronic central register within the field of payment services, is incorporated.
* **Language and Publication:**
* The Icelandic and Norwegian language versions of Delegated Regulation (EU) 2019/411 and Implementing Regulation (EU) 2019/410 are authentic and will be published in the EEA Supplement to the Official Journal.
* **Entry into Force:**
* The Decision entered into force on December 12, 2020, contingent on notifications under Article 103(1) of the EEA Agreement or the entry into force of Decision of the EEA Joint Committee No 165/2019, whichever was later.
* **Publication Requirement:**
* The Decision will be published in the EEA Section of, and the EEA Supplement to, the Official Journal of the European Union.
Impact Analysis:
European Banking Authority:
* Impact: Will receive notifications from competent authorities in the field of payment services, according to the details and structure outlined in Implementing Regulation (EU) 2019/410.
* Action Required: Adapt its processes and systems to receive and process the notifications.
Competent Authorities within the EEA:
* Impact: Required to notify information to the European Banking Authority in the field of payment services, according to the technical standards in Implementing Regulation (EU) 2019/410.
* Action Required: Implement the technical standards for notification as specified in Regulation (EU) 2019/410.
Payment Service Providers:
* Impact: Affected by the technical requirements on development, operation and maintenance of the electronic central register, and on access to the information contained therein as per Delegated Regulation (EU) 2019/411.
* Action Required: Comply with the technical requirements outlined in Regulation (EU) 2019/411 regarding the electronic central register for payment services.
Key Entities Referenced
EEA Joint Committee: The governing body responsible for decisions related to the Agreement on the European Economic Area (EEA).
EEA Agreement: The Agreement on the European Economic Area, which extends the EU's single market to Iceland, Liechtenstein, and Norway.
Commission Delegated Regulation EU 2019/411: A regulation supplementing Directive EU 2015/2366 regarding regulatory technical standards for the electronic central register within the field of payment services.
Directive EU 2015/2366: A directive of the European Parliament and of the Council related to payment services.
Commission Implementing Regulation EU 2019/410: A regulation laying down implementing technical standards regarding the details and structure of information to be notified by competent authorities to the European Banking Authority in the field of payment services.
European Banking Authority: An agency of the European Union that supervises banking across the European Union.
Brussels: The location where the decision was made, implying a meeting or signing of the document occurred in Brussels, Belgium
Iceland: One of the countries to which the EEA Agreement extends.
28.9.2023 EN Official Journal of the European Union L 240/79
DECISION OF THE EEA JOINT COMMITTEE No 213/2020
of 11 December 2020
amending Annex IX (Financial services) to the EEA Agreement [2023/2015]
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) 2019/411 of 29 November 2018supplementing Directive (EU) 2015/2366
of the European Parliament and of the Council with regard to regulatory technical standards setting technical
requirements on development, operation and maintenance of the electronic central register within the field of
payment services and on access to the information contained therein(1) is to be incorporated into the EEA
Agreement.
(2) Commission Implementing Regulation (EU) 2019/410 of 29 November 2018laying down implementing technical
standards with regard to the details and structure of the information to be notified, in the field of payment services,
by competent authorities to the European Banking Authority pursuant to Directive (EU) 2015/2366 of the European
Parliament and of the Council(2)is to be incorporated into the EEA Agreement.
(3) Annex IX to the EEA Agreement should therefore be amended accordingly,
HAS ADOPTED THIS DECISION:
Article 1
The following points are inserted after point 16eb (Commission Delegated Regulation (EU) 2018/389) of Annex IX to the
EEA Agreement:
‘16ec. 32019 R 0410: Commission Implementing Regulation (EU) 2019/410 of 29 November 2018 laying down
implementing technical standards with regard to the details and structure of the information to be notified, in the
field of payment services, by competent authorities to the European Banking Authority pursuant to Directive
(EU) 2015/2366 of the European Parliament and of the Council (OJ L 73, 15.3.2019, p. 20).
16ed. 32019 R 0411: Commission Delegated Regulation (EU) 2019/411 of 29 November 2018supplementing Directive
(EU) 2015/2366 of the European Parliament and of the Council with regard to regulatory technical standards setting
technical requirements on development, operation and maintenance of the electronic central register within the
field of payment services and on access to the information contained therein (OJ L 73, 15.3.2019, p. 84).’
Article 2
The texts of Delegated Regulation (EU) 2019/411 and Implementing Regulation (EU) 2019/410 in the Icelandic and
Norwegian languages, to be published in the EEA Supplement to the Official Journal of the European Union, shall be authentic.
(1) OJ L 73, 15.3.2019, p. 84.
(2) OJ L 73, 15.3.2019, p. 20.L 240/80 EN Official Journal of the European Union 28.9.2023
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*, or on the day of the entry into force of Decision of the EEA Joint Committee
No 165/2019 of 14 June 2019(3), whichever is the later.
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, 11 December 2020.
For the EEA Joint Committee
The President
Sabine MONAUNI
* No constitutional requirements indicated.
(3) OJ L 291, 10.11.2022, p. 50.