Home Europe EEA Joint Committee Decision of the EEA Joint Committee No 324/2022 of 9 Decembe...
Date: 2023-06-29 Category: Not Applicable State: Union Government Country: Europe

Decision of the EEA Joint Committee No 324/2022 of 9 December 2022 amending Annex IX (Financial services) to the EEA Agreement [2023/1266]

Issued by EEA Joint Committee · Not Applicable

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Executive Summary & Key Takeaways

**Summary:** EEA Joint Committee Decision No. 324/2022, adopted on December 9, 2022, amends Annex IX (Financial Services) to the Agreement on the European Economic Area (EEA). The decision incorporates Commission Implementing Regulation (EU) 2022/2282 into the EEA Agreement. This regulation lays down technical information for the calculation of technical provisions and basic own funds for reporting with reference dates from September 30, 2022, until December 30, 2022, in accordance with Directive 2009/138/EC concerning the business of Insurance and Reinsurance. The Decision entered into force on December 10, 2022, following notification under Article 103(1) of the EEA Agreement. The authentic texts of Implementing Regulation (EU) 2022/2282 in Icelandic and Norwegian 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.

Key Entities Referenced

EEA Joint Committee: The decision-making body responsible for amending the EEA Agreement. EEA Agreement: The Agreement on the European Economic Area. Annex IX Financial services to the EEA Agreement: The specific annex of the EEA Agreement that is being amended by this decision. Commission Implementing Regulation EU 2022/2282: A regulation laying down technical information for the calculation of technical provisions and basic own funds for reporting. Directive 2009/138/EC: Directive of the European Parliament and of the Council on the taking-up and pursuit of the business of Insurance and Reinsurance. European Parliament: One of the legislative bodies of the European Union Council of the European Union: One of the legislative bodies of the European Union Brussels: City where the decision was made.
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29.6.2023 EN Official Journal of the European Union L 164/59 DECISION OF THE EEA JOINT COMMITTEE No 324/2022 of 9 December 2022 amending Annex IX (Financial services) to the EEA Agreement [2023/1266] 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) 2022/2282 of 21 November 2022laying down technical information for the calculation of technical provisions and basic own funds for reporting with reference dates from 30 September 2022 until 30 December 2022 in accordance with Directive 2009/138/EC of the European Parliament and of the Council on the taking-up and pursuit of the business of Insurance and Reinsurance(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 1zu (Commission Implementing Regulation (EU) 2022/1384) of Annex IX to the EEA Agreement: ‘1zv. 32022 R 2282: Commission Implementing Regulation (EU) 2022/2282 of 21 November 2022 laying down technical information for the calculation of technical provisions and basic own funds for reporting with reference dates from 30 September 2022 until 30 December 2022 in accordance with Directive 2009/138/EC of the European Parliament and of the Council on the taking-up and pursuit of the business of Insurance and Reinsurance (OJ L 301, 22.11.2022, p. 22).’ Article 2 The text of Implementing Regulation (EU) 2022/2282 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 10 December 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 301, 22.11.2022, p. 22. * No constitutional requirements indicated.L 164/60 EN Official Journal of the European Union 29.6.2023 Done at Brussels, 9 December 2022. For the EEA Joint Committee The President Kristján Andri STEFÁNSSON

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