Home Europe EEA Joint Committee Decision of the EEA Joint Committee No 241/2024 of 25 Octobe...
Date: 20-Feb-2025 Category: Not Applicable State: Union Government Country: Europe

Decision of the EEA Joint Committee No 241/2024 of 25 October 2024 amending Annex IX (Financial services) to the EEA Agreement [2025/234]

Issued by EEA Joint Committee · Secretariat-General

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Executive Summary & Key Takeaways

Key Changes

  • Implementing Regulation (EU) 2024/855 was published in the Official Journal L, 2024/855 on April 24, 2024.
  • The decision adds Commission Implementing Regulation (EU) 2024/855 of 15 March 2024 to point 14ab of Annex IX to the EEA Agreement, which concerns Commission Implementing Regulation (EU) 2021/451.
  • The Decision entered into force on October 26, 2024, provided that all notifications under Article 103(1) of the EEA Agreement have been made.

What it means

  • The Decision of the EEA Joint Committee No 241/2024 amends Annex IX (Financial services) to the EEA Agreement to incorporate Commission Implementing Regulation (EU) 2024/855.
  • Commission Implementing Regulation (EU) 2024/855 amends the implementing technical standards laid down in Implementing Regulation (EU) 2021/451 regarding supervisory reporting of interest rate risk in the banking book.

Impact Analysis

Financial Institutions

  • Action Item: Conduct a gap analysis to identify areas where current reporting practices deviate from the requirements of Regulation (EU) 2024/855 and implement necessary changes.

EEA Member States

  • Action Item: Ensure national regulations reflect the amendments introduced by Commission Implementing Regulation (EU) 2024/855.

Supervisory Authorities

  • Action Item: Update supervisory guidelines and procedures to reflect the changes introduced by Commission Implementing Regulation (EU) 2024/855.

Key Entities Referenced

EEA Joint Committee: The decision-making body responsible for amending the EEA Agreement. Commission Implementing Regulation (EU) 2024/855: Regulation amending the implementing technical standards laid down in Implementing Regulation (EU) 2021/451 as regards rules on the supervisory reporting of interest rate risk in the banking book. Implementing Regulation (EU) 2021/451: Regulation that lays down implementing technical standards for supervisory reporting. EEA Agreement: The Agreement on the European Economic Area.
Official Source Record View Original Source →
See Full Document Text
Official Journal EN of the European Union L series 2025/234 20.2.2025 DECISION OF THE EEA JOINT COMMITTEE No 241/2024 of 25 October 2024 amending Annex IX (Financial services) to the EEA Agreement [2025/234] 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 Regulation (EU) 2024/855 of 15 March 2024 amending the implementing technical standards laid down in Implementing Regulation (EU) 2021/451 as regards rules on the supervisory reporting of interest rate risk in the banking book(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 indent is added in point 14ab (Commission Implementing Regulation (EU) 2021/451) of Annex IX to the EEA Agreement: ‘- 32024 R 0855: Commission Implementing Regulation (EU) 2024/855 of 15 March 2024 (OJ L, 2024/855, 24.4.2024).’ Article 2 The text of Implementing Regulation (EU) 2024/855 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 26 October 2024, 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, 25 October 2024. For the EEA Joint Committee The President Anders H. EIDE (1) OJ L, 2024/855, 24.4.2024, ELI: http://data.europa.eu/eli/reg_impl/2024/855/oj. (*) No constitutional requirements indicated. ELI: http://data.europa.eu/eli/dec/2025/234/oj 1/1

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