The European Commission has announced that it has adopted a proposal for a Council decision on the position to be taken by the EU in the EEA Joint Committee concerning the incorporation of the Regulations establishing the European Supervisory Authorities (ESAs) and a number of related Regulations and Directives.

The Commission also states that after adoption of the proposal by the Council, the EU could take a formal position on nine draft-decisions of the EEA Joint Committee, covering in total 31 EU legal acts. The acts to be incorporated into the EEA Agreement would be the Regulations establishing the ESAs, the European Systemic Risk Board Regulation, the Alternative Investment Fund Managers Directive and related delegated acts, the Short Selling Regulation and related delegated acts, the European Market Infrastructure Regulation and the Credit Ratings Agency Regulations and related delegated acts.

The announcement mentions that the Parliament of Liechtenstein has already agreed the nine draft-decisions of the EEA Joint Committee, while the Icelandic and Norwegian Parliaments are assessing the legislative package.

View EU Commission adopts proposal to incorporate European Supervisory Authorities into European Economic Area Agreement, 3 June 2016