Decision of the EEA Joint Committee

No 53/1999

of 30 April 1999

amending Annex IX (financial services) to the EEA Agreement

THE EEA JOINT COMMITTEE,

Having regard to the Agreement on the European Economic Area, as adjusted by the Protocol adjusting the Agreement on the European Economic Area, hereinafter referred to as "the Agreement", and in particular Article 98 thereof,

Whereas:

(1) Annex IX to the Agreement was amended by Decision No 110/98 of the EEA Joint Committee of 1 December 1998(1).

(2) Directive 98/26/EC of the European Parliament and of the Council of 19 May 1998 on settlement finality in payment and securities settlement systems(2) is to be incorporated into the Agreement,

HAS DECIDED AS FOLLOWS:

Article 1

The following point shall be inserted after point 16a (Directive 97/5/EC of the European Parliament and of the Council) in Annex IX to the Agreement:

"16b. 398 L 0026: Directive 98/26/EC of the European Parliament and of the Council of 19 May 1998 on settlement finality in payment and securities settlement systems (OJ L 166, 11.6.1998, p. 45)."

Article 2

The texts of Directive 98/26/EC in the Icelandic and Norwegian languages, which are annexed to the respective language versions of this Decision, are authentic.

Article 3

This Decision shall enter into force on 1 May 1999, provided that all the notifications under Article 103(1) of the Agreement have been made to the EEA Joint Committee.

Article 4

This Decision shall be published in the EEA section of, and in the EEA Supplement to, the Official Journal of the European Communities.

Done at Brussels, 30 April 1999.

For the EEA Joint Committee

The President

F. Barbaso

(1) OJ L 277, 28.10.1999, p. 46.

(2) OJ L 166, 11.6.1998, p. 45.