**Policy Summary:**
EEA Joint Committee Decision No. 241/2020, enacted on December 30, 2020, amends Annex IX (Financial Services) to the Agreement on the European Economic Area (EEA). The amendment incorporates Commission Implementing Decision (EU) 2020/1766 into the EEA Agreement. This decision determines, for a limited time, that the regulatory framework governing central securities depositories (CSDs) in the United Kingdom of Great Britain and Northern Ireland is equivalent to that established by Regulation (EU) No 909/2014 of the European Parliament and of the Council. The text of Implementing Decision (EU) 2020/1766 in Icelandic and Norwegian languages will be published in the EEA Supplement to the Official Journal of the European Union and is considered authentic. The decision entered into force on December 30, 2020, pending notification under Article 103(1) of the EEA Agreement, and will be published in the EEA Section of, and the EEA Supplement to, the Official Journal of the European Union.
Key Entities Referenced
EEA Agreement: Agreement on the European Economic Area
EEA Joint Committee: The governing body responsible for the EEA Agreement
Commission Implementing Decision EU 2020/1766: A decision determining the regulatory framework equivalence for central securities depositories of the United Kingdom.
Regulation EU No 909/2014: Regulation of the European Parliament and of the Council referenced in the context of central securities depositories.
United Kingdom of Great Britain and Northern Ireland: Country whose central securities depositories are subject to the regulatory framework assessment.
Commission Delegated Regulation EU 2018/1229: A delegated regulation of the European Union.
Brussels: City where the EEA Joint Committee decision was made.
Sabine MONAUNI: President of the EEA Joint Committee
28.9.2023 EN Official Journal of the European Union L 240/125
DECISION OF THE EEA JOINT COMMITTEE No 241/2020
of 30 December 2020
amending Annex IX (Financial services) to the EEA Agreement [2023/2043]
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 Decision (EU) 2020/1766 of 25 November 2020 determining, for a limited period of
time, that the regulatory framework applicable to central securities depositories of the United Kingdom of Great
Britain and Northern Ireland is equivalent in accordance with Regulation (EU) No 909/2014 of the European
Parliament and of the Council(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 31bfh (Commission Delegated Regulation (EU) 2018/1229) of Annex IX to the
EEA Agreement:
‘31bfi. 32020 D 1766: Commission Implementing Decision (EU) 2020/1766 of 25 November 2020determining, for a
limited period of time, that the regulatory framework applicable to central securities depositories of the United
Kingdom of Great Britain and Northern Ireland is equivalent in accordance with Regulation (EU) No 909/2014 of
the European Parliament and of the Council (OJ L 397, 26.11.2020, p. 26).’
Article 2
The text of Implementing Decision (EU) 2020/1766 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 30 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 397, 26.11.2020, p. 26.
* No constitutional requirements indicated.L 240/126 EN Official Journal of the European Union 28.9.2023
Done at Brussels, 30 December 2020.
For the EEA Joint Committee
The President
Sabine MONAUNI