Decision of the EEA Joint Committee No 283/2023 of 27 October 2023 amending Annex IX (Financial services) to the EEA Agreement [2024/1147]
Date: 2023-10-27
Institutions: EEA Joint Committee
Subjects: European Economic Area, financial control, financial institution, financial legislation, financial requirements, financial risk, loss, market supervision, private-sector liquidity, revision of an agreement, technical standard




L_202401147EN.000101.fmx.xml












Official Journal of the European Union


EN
L series













2024/1147


16.5.2024







            DECISION OF THE EEA JOINT COMMITTEE No 283/2023
of 27 October 2023
         
amending Annex IX (Financial services) to the EEA Agreement [2024/1147]


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) 2023/1577 of 20 April 2023 supplementing Regulation (EU) No 575/2013 of the European Parliament and of the Council with regard to regulatory technical standards on the calculation of the own funds requirements for market risk for non-trading book positions subject to foreign exchange risk or commodity risk and the treatment of those positions for the purposes of the regulatory back-testing requirements and the profit and loss attribution requirement under the alternative internal model approach (1) is to be incorporated into the EEA Agreement.












(2)


Commission Delegated Regulation (EU) 2023/1578 of 20 April 2023 supplementing Regulation (EU) No 575/2013 of the European Parliament and of the Council with regard to regulatory technical standards specifying the requirements for the internal methodology or external sources used under the internal default risk model for estimating default probabilities and losses given default (2) is to be incorporated into the EEA Agreement.












(3)


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





HAS ADOPTED THIS DECISION:



Article 1
The following points are inserted after point 14azzk (Commission Delegated Regulation (EU) 2023/511) of Annex IX to the EEA Agreement:






‘14azzl.



32023 R 1577: Commission Delegated Regulation (EU) 2023/1577 of 20 April 2023 supplementing Regulation (EU) No 575/2013 of the European Parliament and of the Council with regard to regulatory technical standards on the calculation of the own funds requirements for market risk for non-trading book positions subject to foreign exchange risk or commodity risk and the treatment of those positions for the purposes of the regulatory back-testing requirements and the profit and loss attribution requirement under the alternative internal model approach (OJ L 193, 1.8.2023, p. 1).










14azzm.



32023 R 1578: Commission Delegated Regulation (EU) 2023/1578 of 20 April 2023 supplementing Regulation (EU) No 575/2013 of the European Parliament and of the Council with regard to regulatory technical standards specifying the requirements for the internal methodology or external sources used under the internal default risk model for estimating default probabilities and losses given default (OJ L 193, 1.8.2023, p. 7).’






Article 2
The texts of Delegated Regulations (EU) 2023/1577 and (EU) 2023/1578 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 28 October 2023, provided that all the notifications under Article 103(1) of the EEA Agreement have been made (*1).


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, 27 October 2023.


For the EEA Joint Committee


The President

Pascal SCHAFHAUSER
            





(1)  
            OJ L 193, 1.8.2023, p. 1.

(2)  
            OJ L 193, 1.8.2023, p. 7.

(*1)  No constitutional requirements indicated.


ELI: http://data.europa.eu/eli/dec/2024/1147/oj
ISSN 1977-0677 (electronic edition)