Decision of the EEA Joint Committee No 214/2024 of 23 September 2024 amending Annex IX (Financial services) to the EEA Agreement [2024/3035]
Date: 2024-09-23
Institutions: EEA Joint Committee
Subjects: EU banking union, European Economic Area, financial institution, financial legislation, financial market, income, interest, revision of an agreement, risk management, technical standard




L_202403035EN.000101.fmx.xml












Official Journal of the European Union


EN
L series













2024/3035


19.12.2024







            DECISION OF THE EEA JOINT COMMITTEE No 214/2024
of 23 September 2024
         
amending Annex IX (Financial services) to the EEA Agreement [2024/3035]


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) 2024/856 of 1 December 2023 supplementing Directive 2013/36/EU of the European Parliament and of the Council with regard to regulatory technical standards specifying the supervisory shock scenarios, the common modelling and parametric assumptions and what constitutes a large decline (1) is to be incorporated into the EEA Agreement.












(2)


Commission Delegated Regulation (EU) 2024/857 of 1 December 2023 supplementing Directive 2013/36/EU of the European Parliament and of the Council with regard to regulatory technical standards specifying a standardised methodology and a simplified standardised methodology to evaluate the risks arising from potential changes in interest rates that affect both the economic value of equity and the net interest income of an institution’s non-trading book activities (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 14s (Commission Implementing Regulation (EU) 2022/2581) of Annex IX to the EEA Agreement:






‘14u.



32024 R 0856: Commission Delegated Regulation (EU) 2024/856 of 1 December 2023 supplementing Directive 2013/36/EU of the European Parliament and of the Council with regard to regulatory technical standards specifying the supervisory shock scenarios, the common modelling and parametric assumptions and what constitutes a large decline (OJ L, 2024/856, 24.4.2024).










14v.



32024 R 0857: Commission Delegated Regulation (EU) 2024/857 of 1 December 2023 supplementing Directive 2013/36/EU of the European Parliament and of the Council with regard to regulatory technical standards specifying a standardised methodology and a simplified standardised methodology to evaluate the risks arising from potential changes in interest rates that affect both the economic value of equity and the net interest income of an institution’s non-trading book activities (OJ L, 2024/857, 24.4.2024).’






Article 2
The texts of Delegated Regulations (EU) 2024/856 and (EU) 2024/857 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 24 September 2024, 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, 23 September 2024.


For the EEA Joint Committee


The President

Anders H. EIDE
            





(1)  
            OJ L, 2024/856, 24.4.2024, ELI: http://data.europa.eu/eli/reg_del/2024/856/oj.

(2)  
            OJ L, 2024/857, 24.4.2024, ELI: http://data.europa.eu/eli/reg_del/2024/857/oj.

(*1)  No constitutional requirements indicated.


ELI: http://data.europa.eu/eli/dec/2024/3035/oj
ISSN 1977-0677 (electronic edition)