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Date: 8-Feb-2024 Category: Not Applicable State: Union Government Country: Europe

Decision of the EEA Joint Committee No 216/2021 of 9 July 2021 amending Annex IX (Financial services) to the EEA Agreement [2024/283]

Issued by EEA Joint Committee · Not Applicable

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Executive Summary & Key Takeaways

What it means

  • The EEA Joint Committee Decision No 216/2021 incorporates Commission Delegated Regulation (EU) 2021/528 into the EEA Agreement. This regulation concerns the minimum information content of documents for prospectus exemptions related to takeovers via exchange offers, mergers, or divisions.

Key Changes

  • Annex IX to the EEA Agreement is amended to include Commission Delegated Regulation (EU) 2021/528.
  • Commission Delegated Regulation (EU) 2021/528 supplements Regulation (EU) 2017/1129.
  • The incorporated regulation addresses prospectus exemptions for takeovers, mergers, or divisions involving exchange offers.
  • The Decision entered into force on 10 July 2021, following notifications under Article 103(1) of the EEA Agreement.
  • The authentic text of Delegated Regulation (EU) 2021/528 in Icelandic and Norwegian languages will be published in the EEA Supplement to the Official Journal of the European Union.

Impact Analysis

Stakeholders Impacted

  • Issuers of securities involved in transactions covered by the regulation.

Suggested Action Items

  • Monitor further publications in the EEA Supplement to the Official Journal of the European Union for the authentic Icelandic and Norwegian language versions.

Key Entities Referenced

EEA Joint Committee: The decision-making body responsible for amending the EEA Agreement. Commission Delegated Regulation (EU) 2021/528: Regulation supplementing Regulation (EU) 2017/1129 regarding minimum information content for prospectus exemptions in takeovers, mergers, or divisions. Regulation (EU) 2017/1129: Regulation of the European Parliament and of the Council, which Commission Delegated Regulation (EU) 2021/528 supplements. EEA Agreement: The Agreement on the European Economic Area.
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Official Journal EN of the European Union L series 2024/283 8.2.2024 DECISION OF THE EEA JOINT COMMITTEE No 216/2021 of 9 July 2021 amending Annex IX (Financial services) to the EEA Agreement [2024/283] 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) 2021/528 of 16 December 2020 supplementing Regulation (EU) 2017/1129 of the European Parliament and of the Council as regards the minimum information content of the document to be published for a prospectus exemption in connection with a takeover by means of an exchange offer, a merger or a division(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 29bdb (Commission Delegated Regulation (EU) 2019/980) of Annex IX to the EEA Agreement: ‘29bdc. 32021 R 0528: Commission Delegated Regulation (EU) 2021/528 of 16 December 2020 supplementing Regulation (EU) 2017/1129 of the European Parliament and of the Council as regards the minimum information content of the document to be published for a prospectus exemption in connection with a takeover by means of an exchange offer, a merger or a division (OJ L 106, 26.3.2021, p. 32).’ Article 2 The text of Delegated Regulation (EU) 2021/528 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 10 July 2021, 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, 9 July 2021. For the EEA Joint Committee The President Rolf Einar FIFE (1) OJ L 106, 26.3.2021, p. 32. * No constitutional requirements indicated. ELI: http://data.europa.eu/eli/dec/2024/283/oj 1/1

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