Decision 2023/269 - EU position concerning an amendment to Annex IX (Financial Services) to the EEA Agreement (Central Securities Depository - Liechtenstein) - Main contents
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Council Decision (EU) 2023/269 of 30 January 2023 on the position to be adopted, on behalf of the European Union, within the EEA Joint Committee, concerning an amendment to Annex IX (Financial Services) to the EEA Agreement (Central Securities Depository – Liechtenstein)| Legal instrument | Decision |
|---|---|
| Number legal act | Decision 2023/269 |
| Regdoc number | ST(2022)15839 |
| Original proposal | COM(2022)706  |
| CELEX number i | 32023D0269 |
| Document | 30-01-2023; Date of adoption |
|---|---|
| Publication in Official Journal | 09-02-2023; OJ L 39 p. 32-35 |
| Effect | 30-01-2023; Entry into force Date of document See Art 2 |
| End of validity | 31-12-9999 |
9.2.2023 |
EN |
Official Journal of the European Union |
L 39/32 |
COUNCIL DECISION (EU) 2023/269
of 30 January 2023
on the position to be adopted, on behalf of the European Union, within the EEA Joint Committee, concerning an amendment to Annex IX (Financial Services) to the EEA Agreement (Central Securities Depository – Liechtenstein)
(Text with EEA relevance)
THE COUNCIL OF THE EUROPEAN UNION,
Having regard to the Treaty on the Functioning of the European Union, and in particular Article 114 in conjunction with Article 218(9) thereof,
Having regard to Council Regulation (EC) No 2894/94 of 28 November 1994 concerning arrangements for implementing the Agreement on the European Economic Area (1), and in particular Article 1(3) thereof,
Having regard to the proposal from the European Commission,
Whereas:
(1) |
The Agreement on the European Economic Area (2) (‘the EEA Agreement’) entered into force on 1 January 1994. |
(2) |
Pursuant to Article 98 of the EEA Agreement, the EEA Joint Committee may decide to amend, inter alia, Annex IX thereof. |
(3) |
Regulation (EU) No 909/2014 of the European Parliament and of the Council (3) was incorporated into EEA Agreement by Decision of the EEA Joint Committee No 18/2019 (4) and is referred to in point 31bf of Annex IX to the EEA Agreement. |
(4) |
Adaptation (c) in point 31bf of Annex IX to the EEA Agreement grants Liechtenstein a derogation to allow third-country Central Securities Depositories that already provide services referred to in Article 25(2) of Regulation (EU) No 909/2014 to financial intermediaries in Liechtenstein or that have already set up a branch in Liechtenstein to continue to provide such services referred to in that Article for a period not exceeding five years after the date of entry into force of Decision of the EEA Joint Committee No 18/2019. |
(5) |
On 2 November 2022, Liechtenstein submitted a request for the extension of the derogation referred to in adaptation (c) in point 31bf of Annex IX to the EEA Agreement beyond 8 February 2024, for a period that should not exceed seven years. |
(6) |
Annex IX to the EEA Agreement should therefore be amended to the effect that third-country Central Securities Depositories that already provide services referred to in Article 25(2) of Regulation (EU) No 909/2014 to financial intermediaries in Liechtenstein or that have already set up a branch in Liechtenstein are allowed to continue to provide such services for a period not exceeding seven years after the date of entry into force of the attached draft decision. Nevertheless, adaptation (c) in point 31bf of Annex IX to the EEA Agreement should be reviewed if Article 25 or 69 of Regulation (EU) No 909/2014 are amended during that period of time. |
(7) |
The position of the Union within the EEA Joint Committee should therefore be based on the attached draft Decision, |
HAS ADOPTED THIS DECISION:
Article 1
The position to be adopted, on behalf of the Union, within the EEA Joint Committee on the proposed amendment to Annex IX (Financial Services) to the EEA Agreement shall be based on the draft Decision of the EEA Joint Committee attached to this Decision.
Article 2
This Decision shall enter into force on the date of its adoption.
Done at Brussels, 30 January 2023.
For the Council
The President
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P.KULLGREN
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Regulation (EU) No 909/2014 of the European Parliament and of the Council of 23 July 2014 on improving securities settlement in the European Union and on central securities depositories and amending Directives 98/26/EC and 2014/65/EU and Regulation (EU) No 236/2012 (OJ L 257, 28.8.2014, p. 1).
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Decision of the EEA Joint Committee...
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