Decision of the EEA Joint Committee No 109/98 of 1 December 1998 amending Annex IX (financial services) to the EEA Agreement
Date: 1998-12-01
Institutions: EEA Joint Committee
Subjects: credit guarantee, credit institution, financial instrument, financial solvency, management audit, share capital

L 277/44

EN

Official Journal of the European Communities

28. 10. 1999

DECISION OF THE EEA JOINT COMMITTEE

No 109/98

of 1 December 1998

amending Annex IX (financial services) to the EEA Agreement

THE EEA JOINT COMMITTEE,

Having regard to the Agreement on the European Economic Area, as adjusted by the Protocol adjusting the
Agreement on the European Economic Area, hereinafter referred to as ‘the Agreement’, and in particular
Article 98 thereof,

Whereas Annex IX to the Agreement was amended by Decision of the EEA Joint Committee No 74/98 of
17 July 1998 (1);

Whereas Directive 98/32/EC of the European Parliament and of the Council of 22 June 1998 amending as
regards in particular mortgages, Council Directive 89/647/EEC on a solvency ratio for credit institutions (2)
is to be incorporated into the Agreement,

Whereas adaptations (a) and (c) to Council Directive 89/647/EEC are to be deleted as a consequence of the
accession of Austria, Finland and Sweden to the European Union and adaptation (b) is to be deleted as a
consequence of the replacement of Article 11(4) of that Directive;

Whereas the adaptations to Council Directive 89/647/EEC made by Chapter XI, B, III, point 2 of Annex I to
the Act concerning the conditions of accession of the Republic of Austria, the Republic of Finland and the
Kingdom of Sweden and the adjustments to the Treaties on which the European Union is founded (3) are to
be incorporated into the Agreement;

Whereas Council Directive 92/30/EEC of 6 April 1992 on the supervision of credit institutions on a
consolidated basis (4) which was inserted as point 20 by Decision of the EEA Joint Committee No 7/94 of
21 March 1994 (5) is also to be listed as an amending act to Council Directive 89/647/EEC,

HAS DECIDED AS FOLLOWS:

Article 1

The text of point 18 (Council Directive 89/647/EEC) in Annex IX to the Agreement shall be replaced by the
following:

‘389 L 0647: Council Directive 89/647/EEC of 18 December 1989 on a solvency ratio for credit
institutions (OJ L 386, 30.12.1989, p. 14), as amended by:

— 392 L 0030: Council Directive 92/30/EEC of 6 April 1992 (OJ L 110, 28.4.1992, p. 52)

— 1 94 N: Act concerning the conditions of accession of the Republic of Austria, the Republic of
Finland and the Kingdom of Sweden and the adjustments of the Treaties on which the European
Union is founded (OJ C 241, 29.8.1994, p. 21 as adjusted by OJ L 1, 1.1.1995, p. 1)

— 394 L 0007: Commission Directive 94/7/EC of 15 March 1994 (OJ L 89, 6.4.1994, p. 17)

— 395 L 0015: Commission Directive 95/15/EC of 31 May 1995 (OJ L 125, 8.6.1995, p. 23)

(1) OJ L 172, 8.7.1999, p. 53.
(2) OJ L 204, 21.7.1998, p. 26.
(3) OJ C 241, 29.8.1994, p. 21 as adjusted by OJ L 1, 1.1.1995, p. 1.
(4) OJ L 110, 28.4.1992, p. 52.
(5) OJ L 160, 28.6.1994, p. 1.

28. 10. 1999

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Official Journal of the European Communities

L 277/45

— 395 L 0067: Commission Directive 95/67/EC of 15 December 1995 (OJ L 314, 28.12.1995,

p. 72)

— 396 L 0010: Directive 96/10/EC of the European Parliament and of the Council of 21 March 1996

(OJ L 85, 3.4.1996, p. 17)

— 398 L 0032: Directive 98/32/EC of the European Parliament and of the Council of 22 June 1998

(OJ L 204, 21.7.1998, p. 26)’

Article 2

The texts of Directive 98/32/EC and of the adaptations to Directive 89/647/EEC made by Chapter XI, B, III
point 2 of Annex I to the Act concerning the conditions of accession of the Republic of Austria, the
Republic of Finland and the Kingdom and Sweden and the adjustments to the Treaties on which the
European Union is founded in the Icelandic and Norwegian languages, which are annexed to the respective
language versions of this Decision, are authentic.

This Decision shall enter into force on 2 December 1998, provided that all the notifications under Article
103(1) of the Agreement have been made to the EEA Joint Committee.

Article 3

This Decision shall be published in the EEA Section of, and in the EEA supplement to, the Official Journal of
the European Communities.

Article 4

Done at Brussels, 1 December 1998.

For the EEA Joint Committee

The President

N. v. LIECHTENSTEIN