**Policy Summary:**
EEA Joint Committee Decision No. 235/2020, adopted on December 11, 2020, amends Annex XXII (Company Law) to the Agreement on the European Economic Area (EEA). The decision incorporates Directive (EU) 2017/828 of the European Parliament and of the Council of May 17, 2017, into the EEA Agreement. Directive (EU) 2017/828 amends Directive 2007/36/EC, focusing on encouraging long-term shareholder engagement. Article 1 of the Decision adds "32017 L 0828: Directive EU 2017/828 of the European Parliament and of the Council of 17 May 2017OJ L 132, 20.5.2017, p. 1" to point 10g Directive 2007/36/EC of the European Parliament and of the Council of Annex XXII to the EEA Agreement. For EFTA states, Article 3a(7) requires compliance within one year of the Decision's entry into force, rather than by June 10, 2019. The authentic Icelandic and Norwegian language texts of Directive (EU) 2017/828 will be published in the EEA Supplement to the Official Journal of the European Union. The 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.
Key Entities Referenced
EEA Joint Committee: The decision-making body responsible for amending the EEA Agreement.
EEA Agreement: Agreement on the European Economic Area
Directive EU 2017/828: Directive of the European Parliament and of the Council amending Directive 2007/36/EC as regards the encouragement of long-term shareholder engagement.
Directive 2007/36/EC: A directive of the European Parliament and of the Council related to company law.
Article 98: Article within the EEA Agreement specifying the amendment process.
Article 103(1): Article within the EEA Agreement specifying notification process.
Brussels: The location where the decision was made.
Sabine Monauni: The President of the EEA Joint Committee.
28.9.2023 EN Official Journal of the European Union L 240/113
DECISION OF THE EEA JOINT COMMITTEE No 235/2020
of 11 December 2020
amending Annex XXII (Company law) to the EEA Agreement [2023/2037]
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) Directive (EU) 2017/828 of the European Parliament and of the Council of 17 May 2017 amending
Directive 2007/36/EC as regards the encouragement of long-term shareholder engagement(1)is to be incorporated
into the EEA Agreement.
(2) Annex XXII to the EEA Agreement should therefore be amended accordingly,
HAS ADOPTED THIS DECISION:
Article 1
The following is added in point 10g (Directive 2007/36/EC of the European Parliament and of the Council) of Annex XXII
to the EEA Agreement:
‘— 32017 L 0828: Directive (EU) 2017/828 of the European Parliament and of the Council of 17 May 2017(OJ L 132,
20.5.2017, p. 1).
The provisions of the Directive shall, for the purposes of this Agreement, be read with the following adaptation:
In Article 3a(7), as regards the EFTA States, the words "By 10 June 2019” shall read “Within one year of the date of
the entry into force of Decision of the EEA Joint Committee No 235/2020 of 11 December 2020”.’
Article 2
The text of Directive (EU) 2017/828 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 132, 20.5.2017, p. 1.
* Constitutional requirements indicated.L 240/114 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