CELEX: E2013J0017
Language: en
Date: 2013-12-06 00:00:00
Title: Judgment of the Court of 6 December 2013 in Case E-17/13 — EFTA Surveillance Authority v Iceland (Failure by a Contracting Party to fulfil its obligations — Directive 2009/44/EC — Failure to implement)

27.3.2014   
            
            
               EN
            
            
               Official Journal of the European Union
            
            
               C 88/16
            
         
      JUDGMENT OF THE COURT
   
   of 6 December 2013
   in Case E-17/13
   EFTA Surveillance Authority v Iceland
   (Failure by a Contracting Party to fulfil its obligations — Directive 2009/44/EC — Failure to implement)
   2014/C 88/13
   In Case E-17/13, EFTA Surveillance Authority v Iceland — APPLICATION for a declaration that by failing, within the time prescribed, to adopt or to notify the EFTA Surveillance Authority forthwith of all measures necessary to implement Article 2 of the Act referred to at point 16b, first indent, of Annex IX and point 4, first indent, of Annex XII to the Agreement on the European Economic Area, that is Directive 2009/44/EC of the European Parliament and of the Council of 6 May 2009 amending Directive 98/26/EC on settlement finality in payment and securities settlement systems and Directive 2002/47/EC on financial collateral arrangements as regards linked systems and credit claims, as adapted to the Agreement by way of Protocol 1 thereto, Iceland has failed to fulfil its obligations under the Act and under Article 7 EEA, the Court, composed of Carl Baudenbacher, President, Per Christiansen (Judge-Rapporteur) and Páll Hreinsson, Judges, gave judgment on 6 December 2013, the operative part of which is as follows:
   The Court hereby:
   
               1.
            
            
               declares that Iceland has failed to fulfil its obligations under the Act referred to at point 16b, first indent, of Annex IX and point 4, first indent, of Annex XII to the Agreement on the European Economic Area (Directive 2009/44/EC of the European Parliament and of the Council of 6 May 2009 amending Directive 98/26/EC on settlement finality in payment and securities settlement systems and Directive 2002/47/EC on financial collateral arrangements as regards linked systems and credit claims), as adapted to the Agreement by way of Protocol 1 thereto, and under Article 7 of the Agreement, by failing to adopt all the measures necessary to implement Article 2 of the Act within the time prescribed;
            
         
               2.
            
            
               orders Iceland to bear the costs of the proceedings.