DECISION OF THE EEA JOINT COMMITTEE No 141/2022

of 29 April 2022

amending Annex IX (Financial services) to the EEA Agreement [2022/1585]

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) 2021/931 of 1 March 2021 supplementing Regulation (EU) No 575/2013 of the European Parliament and of the Council with regard to regulatory technical standards specifying the method for identifying derivative transactions with one or more than one material risk driver for the purposes of Article 277(5), the formula for calculating the supervisory delta of call and put options mapped to the interest rate risk category and the method for determining whether a transaction is a long or short position in the primary risk driver or in the most material risk driver in the given risk category for the purposes of Article 279a(3)(a) and (b) in the standardised approach for counterparty credit risk ( 1 ) is to be incorporated into the EEA Agreement.

(2) Commission Implementing Regulation (EU) 2021/1043 of 24 June 2021 on the extension of the transitional provisions related to own funds requirements for exposures to central counterparties set out in Regulation (EU) No 575/2013 of the European Parliament and of the Council ( 2 ) is to be incorporated into the EEA Agreement.

(3) Commission Implementing Decision (EU) 2021/1753 of 1 October 2021 on the equivalence of the supervisory and regulatory requirements of certain third countries and territories for the purposes of the treatment of exposures in accordance with Regulation (EU) No 575/2013 of the European Parliament and of the Council ( 3 ) is to be incorporated into the EEA Agreement.

(4) Implementing Decision (EU) 2021/1753 repeals Commission Implementing Decision 2014/908/EU ( 4 ) , which is incorporated into the EEA Agreement and which is consequently to be repealed under the EEA Agreement.

(5) Commission Implementing Decisions (EU) 2016/230 ( 5 ) , (EU) 2016/2358 ( 6 ) , (EU) 2019/536 ( 7 ) and (EU) 2019/2166 ( 8 ) , which are incorporated into the EEA Agreement, have become obsolete and are consequently to be repealed under the EEA Agreement.

(6) Annex IX to the EEA Agreement should therefore be amended accordingly,

HAS ADOPTED THIS DECISION:

Article 1

Annex IX to the EEA Agreement shall be amended as follows:

(1) The text of point 14at (Commission Implementing Decision 2014/908/EU) is replaced by the following:

‘ 32021 D 1753 : Commission Implementing Decision (EU) 2021/1753 of 1 October 2021 on the equivalence of the supervisory and regulatory requirements of certain third countries and territories for the purposes of the treatment of exposures in accordance with Regulation (EU) No 575/2013 of the European Parliament and of the Council ( OJ L 349, 4.10.2021, p. 31 ).’

(2) The following points are inserted after point 14azx (Commission Delegated Regulation (EU) 2021/930):

‘14azy.

32021 R 0931 : Commission Delegated Regulation (EU) 2021/931 of 1 March 2021 supplementing Regulation (EU) No 575/2013 of the European Parliament and of the Council with regard to regulatory technical standards specifying the method for identifying derivative transactions with one or more than one material risk driver for the purposes of Article 277(5), the formula for calculating the supervisory delta of call and put options mapped to the interest rate risk category and the method for determining whether a transaction is a long or short position in the primary risk driver or in the most material risk driver in the given risk category for the purposes of Article 279a(3)(a) and (b) in the standardised approach for counterparty credit risk ( OJ L 204, 10.6.2021, p. 7 ).

14azz.

32021 R 1043 : Commission Implementing Regulation (EU) 2021/1043 of 24 June 2021 on the extension of the transitional provisions related to own funds requirements for exposures to central counterparties set out in Regulation (EU) No 575/2013 of the European Parliament and of the Council ( OJ L 225, 25.6.2021, p. 52 ).’

Article 2

The texts of Delegated Regulation (EU) 2021/931, Implementing Regulation (EU) 2021/1043 and Implementing Decision (EU) 2021/1753 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 30 April 2022, provided that all the notifications under Article 103(1) of the EEA Agreement have been made ( * ) , or on the day of the entry into force of Decision of the EEA Joint Committee No 301/2021 of 29 October 2021 ( 9 ) , 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 April 2022.

For the EEA Joint Committee

The President

Nicolas VON LINGEN

( 1 ) OJ L 204, 10.6.2021, p. 7 .

( 2 ) OJ L 225, 25.6.2021, p. 52 .

( 3 ) OJ L 349, 4.10.2021, p. 31 .

( 4 ) OJ L 359, 16.12.2014, p. 155 .

( 5 ) OJ L 41, 18.2.2016, p. 23 .

( 6 ) OJ L 348, 21.12.2016, p. 75 .

( 7 ) OJ L 92, 1.4.2019, p. 3 .

( 8 ) OJ L 328, 18.12.2019, p. 84 .

( * ) No constitutional requirements indicated.

( 9 ) Not yet published in the Official Journal.