**Summary:**
EEA Joint Committee Decision No. 37/2019, dated March 29, 2019, amends Annex IX (Financial Services) to the EEA Agreement. The decision incorporates Commission Delegated Regulation (EU) 2019/397 of December 19, 2018, into the EEA Agreement. This regulation amends Delegated Regulation (EU) 2016/2251, which supplements Regulation (EU) No 648/2012 regarding the application of risk-management procedures for certain OTC derivative contracts not cleared by a CCP. The amendment extends the date until which counterparties can apply their existing risk-management procedures. The authentic Icelandic and Norwegian language texts of Delegated Regulation (EU) 2019/397 will be published in the EEA Supplement to the Official Journal of the European Union. This Decision entered into force on March 29, 2019, or the day following the last notification under Article 103(1) of the EEA Agreement, or the entry into force of the Decision incorporating Commission Delegated Regulation (EU) 2016/2251, whichever is later. The Decision will be published in the EEA Section of, and the EEA Supplement to, the Official Journal of the European Union. The President of the EEA Joint Committee is Claude Maerten.
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.
Article 98: Article of the EEA Agreement providing the legal basis for the decision.
Commission Delegated Regulation EU 2019/397: A regulation amending Delegated Regulation EU 2016/2251.
Commission Delegated Regulation EU 2016/2251: A regulation supplementing Regulation EU No 648/2012 regarding risk-management procedures for OTC derivative contracts.
Regulation EU No 648/2012: Regulation of the European Parliament and of the Council referenced by Commission Delegated Regulation EU 2016/2251.
Annex IX: Annex to the EEA Agreement related to Financial Services.
Brussels: The location where the decision was made.
18.7.2019 EN Official Journal of the European Union L 192/47
DECISION OF THE EEA JOINT COMMITTEE No 37/2019
of 29 March 2019
amending Annex IX (Financial Services) to the EEA Agreement [2019/1223]
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) 2019/397 of 19 December 2018 amending Delegated Regulation (EU)
2016/2251 supplementing Regulation (EU) No 648/2012 of the European Parliament and of the Council as
regards the date until which counterparties may continue to apply their risk-management procedures for certain
OTC derivative contracts not cleared by a CCP (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 31bcs (Commission Delegated Regulation (EU) 2016/2251) of Annex IX to the
EEA Agreement:
‘— 32019 R 0397: Commission Delegated Regulation (EU) 2019/397 of 19 December 2018 (OJ L 71, 13.3.2019,
p. 15).’
Article 2
The text of Delegated Regulation (EU) 2019/397 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 29 March 2019 or on the day following the last notification under Article 103(1)
of the EEA Agreement (*) or on the day of the entry into force of the Decision of the EEA Joint Committee incorpor
ating Commission Delegated Regulation (EU) 2016/2251 into the EEA Agreement, whichever is the later.
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, 29 March 2019.
For the EEA Joint Committee
The President
Claude MAERTEN
(1) OJ L 71, 13.3.2019, p. 15
(*) No constitutional requirements indicated.