DECISION OF THE EEA JOINT COMMITTEE No 145/2022

of 29 April 2022

amending Annex IX (Financial services) to the EEA Agreement [2022/1589]

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)

Directive (EU) 2019/879 of the European Parliament and of the Council of 20 May 2019 amending Directive 2014/59/EU as regards the loss-absorbing and recapitalisation capacity of credit institutions and investment firms and Directive 98/26/EC ( 1 ) , as corrected by OJ L 283, 31.8.2020, p. 2 , 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 16b (Directive 98/26/EC of the European Parliament and of the Council) of Annex IX to the EEA Agreement:

‘-

32019 L 0879 : Directive (EU) 2019/879 of the European Parliament and of the Council of 20 May 2019 ( OJ L 150, 7.6.2019, p. 296 ), as corrected by OJ L 283, 31.8.2020, p. 2 .’

Article 2

Point 19b (Directive 2014/59/EU of the European Parliament and of the Council) of Annex IX to the EEA Agreement shall be amended as follows:

The following indent is added:

‘-

32019 L 0879 : Directive (EU) 2019/879 of the European Parliament and of the Council of 20 May 2019 ( OJ L 150, 7.6.2019, p. 296 ), as corrected by OJ L 283, 31.8.2020, p. 2 .’

Adaptations (e) to (j) are renumbered as adaptations (h) to (m).

The following adaptations are inserted after adaptation (d):

‘(e)

In Article 44a(7), as regards the EFTA States, the words “28 December 2020” shall read “the date of entry into force of Decision of the EEA Joint Committee No 145/2022 of 29 April 2022”.

(f)

As regards the EFTA States, Article 45i(3) shall apply no later than 36 months after the date of entry into force of Decision of the EEA Joint Committee No 145/2022 of 29 April 2022 or, if the resolution authority of an EFTA State has set a compliance deadline that ends later than 36 months after the entry into force of that Decision, from that compliance deadline.

(g)

In Article 45m, as regards the EFTA States:

(i)

in the first subparagraph of paragraph 1, the words “1 January 2024” shall read “no later than 36 months after the date of entry into force of Decision of the EEA Joint Committee No 145/2022 of 29 April 2022”;

(ii)

in the second subparagraph of paragraph 1, the words “at 1 January 2022” shall read “no later than one year after the date of entry into force of Decision of the EEA Joint Committee No 145/2022 of 29 April 2022”;

(iii)

in the third subparagraph of paragraph 1, the words “after 1 January 2024” shall read “more than 36 months after the date of entry into force of Decision of the EEA Joint Committee No 145/2022 of 29 April 2022”;

(iv)

in paragraph 2, the words “1 January 2022” shall read “no later than one year after the date of entry into force of Decision of the EEA Joint Committee No 145/2022 of 29 April 2022”.’

Article 3

The text of Directive (EU) 2019/879, as corrected by OJ L 283, 31.8.2020, p. 2 , 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 4

This Decision shall enter into force on 30 April 2022, provided that all the notifications under Article 103(1) of the EEA Agreement have been made ( * ) .

Article 5

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 April 2022.

For the EEA Joint Committee

The President

Nicolas VON LINGEN

( 1 ) OJ L 150, 7.6.2019, p. 296 .

( * ) Constitutional requirements indicated.