Home Europe EEA Joint Committee Decision of the EEA Joint Committee No 217/2022 of 8 July 20...
Date: 2023-03-23 Category: Not Applicable State: Union Government Country: Europe

Decision of the EEA Joint Committee No 217/2022 of 8 July 2022 amending Annex IX (Financial services) to the EEA Agreement [2023/634]

Issued by EEA Joint Committee · Not Applicable

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Executive Summary & Key Takeaways

**Policy Summary:** EEA Joint Committee Decision No. 217/2022, adopted on July 8, 2022, amends Annex IX (Financial Services) to the Agreement on the European Economic Area (EEA). The amendment incorporates Commission Delegated Regulation (EU) 2021/1722 into the EEA Agreement. This regulation supplements Directive (EU) 2015/2366, establishing regulatory technical standards for cooperation and information exchange between competent authorities in home and host Member States regarding the supervision of payment institutions and electronic money institutions that provide cross-border payment services. The Decision entered into force on July 9, 2022, following notification under Article 103(1) of the EEA Agreement. The authentic Icelandic and Norwegian language texts of Regulation (EU) 2021/1722 will be published in the EEA Supplement to the Official Journal of the European Union. The Decision was published in the EEA Section of, and in the EEA Supplement to, the Official Journal of the European Union on March 23, 2023.

Key Entities Referenced

EEA Joint Committee: The decision-making body responsible for the EEA Agreement. EEA Agreement: Agreement on the European Economic Area Commission Delegated Regulation EU 2021/1722: A regulation supplementing Directive EU 2015/2366 regarding regulatory technical standards for cooperation and information exchange between competent authorities supervising payment and electronic money institutions. Directive EU 2015/2366: Directive of the European Parliament and of the Council related to payment services. Commission Delegated Regulation EU 2020/1423: A Commission Delegated Regulation mentioned in Annex IX to the EEA Agreement. European Parliament: Legislative branch of the European Union Brussels: City in Belgium, where the decision was made. Kristjn Andri STEFNSSON: The President of the EEA Joint Committee.
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23.3.2023 EN Official Journal of the European Union L 85/31 DECISION OF THE EEA JOINT COMMITTEE No 217/2022 of 8 July 2022 amending Annex IX (Financial services) to the EEA Agreement [2023/634] 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) 2021/1722 of 18 June 2021supplementing Directive (EU) 2015/2366 of the European Parliament and of the Council with regard to regulatory technical standards specifying the framework for cooperation and the exchange of information between competent authorities of the home and the host Member States in the context of supervision of payment institutions and electronic money institutions exercising cross- border provision of payment services(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 16ee (Commission Delegated Regulation (EU) 2020/1423) of Annex IX to the EEA Agreement: ‘16ef. 32021 R 1722: Commission Delegated Regulation (EU) 2021/1722 of 18 June 2021 supplementing Directive (EU) 2015/2366 of the European Parliament and of the Council with regard to regulatory technical standards specifying the framework for cooperation and the exchange of information between competent authorities of the home and the host Member States in the context of supervision of payment institutions and electronic money institutions exercising cross-border provision of payment services (OJ L 343, 28.9.2021, p. 1).’ Article 2 The text of Delegated Regulation (EU) 2021/1722 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. (1) OJ L 343, 28.9.2021, p. 1. (*) No constitutional requirements indicated.L 85/32 EN Official Journal of the European Union 23.3.2023 Done at Brussels, 8 July 2022. For the EEA Joint Committee The President Kristján Andri STEFÁNSSON

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