Brexit and European Supervisory Authorities on the agenda for the EEA Council
The 49th EEA Council will take place on 23 May 2018 in Brussels. The EEA Council meets twice a year at ministerial level and provides political impetus for the development of the EEA Agreement.
EEA Joint Committee incorporates further acts in financial services and company law
The Standing Committee of the EFTA States and the EEA Joint Committee met in Brussels on 26 and 27 April respectively. At the Joint Committee meeting, 26 decisions (JCDs) were adopted incorporating 55 EU legal acts into the EEA Agreement. The Joint Committee continues to incorporate acts in the field of financial services, hence reducing the number of acts outstanding within this field.
EEA EFTA Comments on the European Supervisory Authorities and ESRB
EEA seminar attracts trade audience in Geneva
On 17 April 2018, for the first time in Geneva, the EFTA Secretariat organised an introductory seminar focusing on how the EEA Agreement functions and its market implications.
New EFTA Court Judge: ”A constant challenge is to maintain the homogeneity of European law throughout the EEA.”
The EEA EFTA States have appointed Dr. jur. Bernd Hammermann as the Judge to the EFTA Court. Hammermann, who was nominated by Liechtenstein, took the oath as Judge of the EFTA Court on 9 April 2018. He succeeds Senior Judge, and former President, Carl Baudenbacher. He spoke to the EFTA Newsletter about his new position at the EFTA Court.
Incorporation of the GDPR into the EEA Agreement
The General Data Protection Regulation (GDPR) (EU) 2016/679 will go into force in the EU on 25 May 2018. A draft Joint Committee Decision (JCD) is under consideration by the EU and the EEA EFTA States with the aim of being incorporated into the EEA Agreement on 1 June. The EFTA Secretariat was interviewed by the legal journal LexisNexis about how the incorporation will be implemented.
The EEA Joint Committee incorporates significant number of acts in financial services
The Standing Committee and the EEA Joint Committee met in Brussels on 22 and 23 March respectively. At the Joint Committee meeting, 42 joint committee decisions (JCDs) were adopted incorporating 95 EU legal acts into the EEA Agreement. A substantial number of the acts were within the field of financial services.
Full house at EEA book launch
On 14 March 2018, the EFTA Secretariat and The EFTA Surveillance Authority organised a book launch on the “Agreement on the European Economic Area. A Commentary”.
EEA EFTA Comment on a Union Civil Protection Mechanism
On 15 March 2018, the EEA EFTA States issued an EEA EFTA Comment addressing the European Parliament and the Council's proposal to amend the Union Civil Protection Mechanism (UCPM).
EEA Joint Committee incorporates directive on bank recovery
The Standing Committee and the Joint Committee held their first meetings of 2018 in Brussels on 8 and 9 February respectively. At the Joint Committee meeting, 34 joint committee decisions (JCDs) were adopted, incorporating 51 EU legal acts into the EEA Agreement, including a directive on bank recovery.