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Date: 27-Jun-2024 Category: Not Applicable State: Union Government Country: Europe

Decision of the EEA Joint Committee No 27/2024 of 2 February 2024 amending Annex IX (Financial services) to the EEA Agreement [2024/1547]

Issued by EEA Joint Committee · Not Applicable

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Executive Summary & Key Takeaways

What it means

  • The Decision of the EEA Joint Committee No 27/2024 amends Annex IX (Financial services) to the EEA Agreement to incorporate Commission Delegated Regulation (EU) 2023/1650. This regulation corrects the Swedish language version of Delegated Regulation (EU) 2018/389, which supplements Directive (EU) 2015/2366 regarding regulatory technical standards for strong customer authentication and common and secure open standards of communication.

Key Changes

  • Annex IX to the EEA Agreement is amended to include Commission Delegated Regulation (EU) 2023/1650 of 15 May 2023.
  • The text of Delegated Regulation (EU) 2023/1650 in Icelandic and Norwegian languages will be published in the EEA Supplement to the Official Journal of the European Union and shall be authentic.
  • The decision came into force on 3 February 2024, provided that all notifications under Article 103(1) of the EEA Agreement have been made.

Impact Analysis

Financial Institutions in EEA Countries

  • Action Items: Review and implement the corrections outlined in Commission Delegated Regulation (EU) 2023/1650 to ensure compliance with the updated standards. Update internal documentation and processes to reflect the changes. Ensure that the Icelandic and Norwegian language versions are considered where applicable.

Customers of Financial Institutions in EEA Countries

  • Action Items: Financial institutions should communicate any relevant changes to their customers, ensuring they understand any new authentication processes or security measures.

EEA Member States

  • Action Items: Ensure national laws and regulations align with the updated Annex IX of the EEA Agreement. Monitor and enforce compliance among financial institutions operating within their jurisdiction.

Key Entities Referenced

EEA Joint Committee: The governing body responsible for decisions related to the EEA Agreement. Commission Delegated Regulation (EU) 2023/1650: A regulation correcting the Swedish language version of Delegated Regulation (EU) 2018/389. Delegated Regulation (EU) 2018/389: A regulation supplementing Directive (EU) 2015/2366 regarding regulatory technical standards for strong customer authentication and common and secure open standards of communication. Directive (EU) 2015/2366: A directive of the European Parliament and of the Council on payment services in the internal market. 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 2024/1547 27.6.2024 DECISION OF THE EEA JOINT COMMITTEE No 27/2024 of 2 February 2024 amending Annex IX (Financial services) to the EEA Agreement [2024/1547] 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) 2023/1650 of 15 May 2023 correcting the Swedish language version of Delegated Regulation (EU) 2018/389 supplementing Directive (EU) 2015/2366 of the European Parliament and of the Council with regard to regulatory technical standards for strong customer authentication and common and secure open standards of communication(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 16eb (Commission Delegated Regulation (EU) 2018/389) of Annex IX to the EEA Agreement: ‘— 32023 R 1650: Commission Delegated Regulation (EU) 2023/1650 of 15 May 2023(OJ L 208, 23.8.2023, p. 1).’ Article 2 The text of Delegated Regulation (EU) 2023/1650 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 3 February 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, 2 February 2024. For the EEA Joint Committee The President Nicolas VON LINGEN (1) OJ L 208, 23.8.2023, p. 1. (*) No constitutional requirements indicated. ELI: http://data.europa.eu/eli/dec/2024/1547/oj 1/1

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