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Date: 27-Feb-2025 Category: Not Applicable State: Union Government Country: Europe

Decision of the Standing Committee of the EFTA States No 5/2024/SC of 24 October 2024 extending the tasks of the Office for the EEA Financial Mechanism and the Norwegian Financial Mechanism [2025/399]

Issued by Standing Committee of the EFTA States · Not Applicable

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Executive Summary & Key Takeaways

What it means

  • Decision No 5/2024/SC of the Standing Committee of the EFTA States extends the tasks of the Office for the EEA Financial Mechanism and the Norwegian Financial Mechanism to include the administration of the 2021-2028 Financial Mechanisms.
  • The Office will now serve as a secretariat assisting in the management of both the EEA Financial Mechanism 2021-2028 and the Norwegian Financial Mechanism 2021-2028.

Key Changes

  • The Office for the EEA Financial Mechanism and the Norwegian Financial Mechanism is additionally entrusted with managing the EEA Financial Mechanism 2021-2028 and the Norwegian Financial Mechanism 2021-2028.
  • The Office will report to the EEA Financial Mechanism Committee regarding the EEA Financial Mechanism 2021-2028.
  • The Office will report to the Norwegian Ministry of Foreign Affairs regarding the Norwegian Financial Mechanism 2021-2028.
  • This decision enters into force on the day of the entry into force or provisional application of the Agreements on the EEA and Norwegian Financial Mechanisms for the period 2021-2028, both signed on 12 September 2024.

Impact Analysis

EFTA States

  • Action Item: Monitor the implementation of the EEA and Norwegian Financial Mechanisms 2021-2028 and ensure compliance with reporting requirements.

Office for the EEA Financial Mechanism and the Norwegian Financial Mechanism

  • Action Item: Assess the resource requirements for managing the new financial mechanisms and ensure adequate staffing and training.

EEA Financial Mechanism Committee

  • Action Item: Ensure effective communication and collaboration with the Office to monitor the progress of the EEA Financial Mechanism 2021-2028.

Norwegian Ministry of Foreign Affairs

  • Action Item: Ensure effective communication and collaboration with the Office to monitor the progress of the Norwegian Financial Mechanism 2021-2028.

Beneficiary Countries

  • Action Item: Engage with the Office to understand the procedures for accessing funds under the EEA and Norwegian Financial Mechanisms 2021-2028.

Key Entities Referenced

Standing Committee of the EFTA States: The decision-making body of the European Free Trade Association (EFTA) responsible for decisions related to the EEA Agreement. Office for the EEA Financial Mechanism and the Norwegian Financial Mechanism: An office established to administer the EEA and Norwegian Financial Mechanisms. Its mandate is extended by this decision to include the 2021-2028 period. EEA Financial Mechanism Committee: The committee responsible for overseeing the EEA Financial Mechanism. Norwegian Ministry of Foreign Affairs: The ministry responsible for overseeing the Norwegian Financial Mechanism. EEA Agreement: The Agreement on the European Economic Area, which extends the EU's single market to Iceland, Liechtenstein, and Norway. Agreement between the European Union, Iceland, the Principality of Liechtenstein and the Kingdom of Norway on an EEA Financial Mechanism 2021-2028: Agreement outlining the financial contributions and objectives of the EEA Financial Mechanism for the period 2021-2028. Agreement between the Kingdom of Norway and the European Union on a Norwegian Financial Mechanism for the period 2021-2028: Agreement outlining the financial contributions and objectives of the Norwegian Financial Mechanism for the period 2021-2028.
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Official Journal EN of the European Union L series 2025/399 27.2.2025 DECISION OF THE STANDING COMMITTEE OF THE EFTA STATES No 5/2024/SC of 24 October 2024 extending the tasks of the Office for the EEA Financial Mechanism and the Norwegian Financial Mechanism [2025/399] THE STANDING COMMITTEE OF THE EFTA STATES, Having regard to the Agreement on the European Economic Area, hereinafter referred to as the EEA Agreement, Having regard to the Decision of the Standing Committee of the EFTA States No 1/2004/SC of 5 February 2004 establishing an Office for the EEA Financial Mechanism and the Norwegian Financial Mechanism, Having regard to the Decision of the Standing Committee of the EFTA States No 6/2010/SC of 9 December 2010extending the tasks of the Office for the EEA Financial Mechanism and the Norwegian Financial Mechanism, Having regard to the Decision of the Standing Committee of the EFTA States No 3/2016/SC of 2 June 2016extending the tasks of the Office for the EEA Financial Mechanism and the Norwegian Financial Mechanism, Having regard to the Agreement between the European Union, Iceland, the Principality of Liechtenstein and the Kingdom of Norway on an EEA Financial Mechanism 2021-2028, Having regard to Protocol 38d on the EEA Financial Mechanism (2021-2028), inserted into the EEA Agreement by the aforementioned Agreement between the European Union, Iceland, the Principality of Liechtenstein and the Kingdom of Norway on an EEA Financial Mechanism 2021-2028, Having regard to the Agreement between the Kingdom of Norway and the European Union on a Norwegian Financial Mechanism for the period 2021-2028, Recalling that Article 1, paragraph 1 of the Decision of the Standing Committee of the EFTA States No 1/2004/SC only gives the Office for the EEA Financial Mechanism and the Norwegian Financial Mechanism a mandate to administer the 2004-2009 Financial Mechanisms and that the Decision of the Standing Committee of the EFTA States No 6/2010/SC of 9 December 2010 and the Decision of the Standing Committee of the EFTA States No 3/2016/SC of 2 June 2016 only extend the mandate of the aforementioned Office to administer the 2009-2014 and 2014-2021 Financial Mechanisms respectively, Considering the need for a secretariat to administer the EEA and the Norwegian Financial Mechanisms 2021-2028, HAS DECIDED AS FOLLOWS: Article 1 The Office for the EEA Financial Mechanism and the Norwegian Financial Mechanism 1. The Office for the EEA Financial Mechanism and the Norwegian Financial Mechanism, established by Standing Committee Decision No 1/2004/SC, is hereby additionally entrusted with the task of serving as a secretariat assisting in the management of the EEA Financial Mechanism 2021-2028 and the Norwegian Financial Mechanism 2021-2028. 2. Regarding the EEA Financial Mechanism 2021-2028, the Office shall report to the EEA Financial Mechanism Committee. 3. Regarding the Norwegian Financial Mechanism 2021-2028, the Office shall report to the Norwegian Ministry of Foreign Affairs. ELI: http://data.europa.eu/eli/dec/2025/399/oj 1/2EN OJ L, 27.2.2025 Article 2 Publication This Decision shall be published in the EEA Section of, and in the EEA Supplement to, the Official Journal of the European Union. Article 3 Entry into force and application As regards the EEA Financial Mechanism 2021-2028, this Decision shall enter into force on the day of the entry into force or on the day of provisional application of the Agreement on an EEA Financial Mechanism for the period 2021-2028, signed in Brussels on 12 September 2024. As regards the Norwegian Financial Mechanism 2021-2028, this Decision shall enter into force on the day of the entry into force or on the day of provisional application of the Agreement on a Norwegian Financial Mechanism for the period 2021-2028, signed in Brussels on 12 September 2024. Done at Brussels, 24 October 2024 For the Standing Committee The Chair The Secretary-General Anders H. EIDE Kurt JÄGER 2/2 ELI: http://data.europa.eu/eli/dec/2025/399/oj

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