Annexes to COM(2016)130 - EU position concerning an amendment to Protocol 31 to the EEA Agreement (Budget Line 12.02.01)

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dossier COM(2016)130 - EU position concerning an amendment to Protocol 31 to the EEA Agreement (Budget Line 12.02.01).
document COM(2016)130 EN
date May 12, 2016
Agreement, on cooperation in specific fields outside the four freedoms

THE EEA JOINT COMMITTEE,

Having regard to the Agreement on the European Economic Area (‘the EEA Agreement’), and in particular Articles 86 and 98 thereof,

Whereas:

(1)It is appropriate to continue the cooperation of the Contracting Parties to the EEA Agreement in Union actions funded from the general budget of the European Union regarding the implementation and development of the single market for financial services.

(2)Protocol 31 to the EEA Agreement should therefore be amended in order to allow for this extended cooperation to take place from 1 January 2016,

HAS ADOPTED THIS DECISION:

Article 1

Article 7 of Protocol 31 to the EEA Agreement shall be amended as follows:

1.In paragraphs 3 and 4, the words ‘paragraphs 5 to [11]’ are replaced by the words ‘this Article’.

2.The following paragraph is added:

‘12.The EFTA States shall, as from 1 January 2016, participate in the Union actions related to the following budget line, entered into the general budget of the European Union for the financial year 2016:

—Budget line 12 02 01: ‘Implementation and development of the single market for financial services’.’.

Article 2

This Decision shall enter into force on the day following the last notification under Article 103(1) of the EEA Agreement (*).

It shall apply from 1 January 2016.

Article 3

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,

For the EEA Joint Committee

The President

The Secretaries

to the EEA Joint Committee


(*)  [No constitutional requirements indicated.] [Constitutional requirements indicated.]