European Economic Area (EEA) meaning

ARCHIVED: This timeline has been archived and is no longer maintained. For developments from January 2024 onwards, see EU Market Abuse Regulation—timeline for issues relating to the EU Market Abuse Regulation, or UK Market Abuse Regulation—timeline for matters concerning the UK Market Abuse Regulation. For further guidance on the EU Market Abuse Regulation, see Practice Note: EU Market Abuse Regulation (MAR)—essentials. For further guidance on the UK Market Abuse Regulation, see Practice Note: UK Market Abuse Regulation (MAR)—essentials. Date: 9 November 2023 Source: European Economic Area Joint Committee Documents: Decision of the EEA Joint Committee No 98/2023 of 28 April 2023 amending Annex IX (Financial services) to the EEA Agreement [2023/2252]; Decision of the EEA Joint Committee No 99/2023 of 28 April 2023 amending Annex IX (Financial services) to the EEA Agreement [2023/2253]; Decision of the EEA Joint Committee No 100/2023 of 28 April 2023 amending Annex IX (Financial services) to the EEA Agreement [2023/2254] Description: Three decisions of the EEA Joint Committee...

In this issue: UK, EU and international regulators and bodies Authorisation, approvals and supervision Accountability, culture and social governance Prudential standards Financial crime and sanctions Complaints, redress and claims handling Investigations, enforcement and discipline Capital markets regulation Derivatives regulation Sustainable finance and ESG Banks and mutuals Investment funds and asset management MiFID II Insurance regulation Payment services and systems Fintech and cryptoassets EEA Agreement Annex IX (Financial Services) Financial Services Enforcement Database Daily and weekly news alerts Intraday news alerts New and updated content Key dates for financial services practitioners UK, EU and international regulators and bodies FCA and PSR publish cost/benefit analysis (CBA) policies The Financial Conduct Authority (FCA) and the Payment Systems Regulator (PSR) have issued papers setting out updates on the fundamental principles underpinning the approaches each regulator applies to assess the costs and benefits of policy action....

In this issue: Spring Budget 2024 Brexit UK, EU and international regulators and bodies Authorisations, approvals and supervision Prudential requirements Financial crime and sanctions Complaints, compensation and claims handling Investigations, enforcement and discipline Capital markets regulation Benchmark regulation and IBOR reform Derivatives regulation Dispute resolution for financial services lawyers Sustainable finance and ESG Banks and mutuals Investment funds and asset management Insurance regulation Payment services and systems Fintech and cryptoassets Competition in financial services EEA Agreement Annex IX (Financial Services) Financial Services Enforcement Database Daily and weekly news alerts Intraday news alerts New and updated content Dates for your diary Spring Budget 2024 Spring Budget 2024—key Financial Services announcements In the Spring Budget 2024, the chancellor of the Exchequer, Jeremy Hunt, unveiled a suite of measures affecting financial services, including in particular the possible creation of a Private...

In this issue: Brexit UK, EU and international regulators and bodies Accountability, culture and societal governance Prudential rules Stability of the financial system Financial crime and sanctions Conduct standards Complaints, redress and claims handling Investigations, enforcement and disciplinary action Benchmark regulation and IBOR transition Capital markets regulation PRIIPs (Packaged Retail and Insurance-based Investment Products) Derivatives regulation Sustainable finance and ESG Banks and mutuals Funds and asset management MiFID II Insurance regulation Personal pensions and stakeholder products regulation Payment services and systems Fintech and cryptoassets EEA Agreement Annex IX (Financial Services) Financial Services Enforcement Database Daily and weekly news alerts Intraday alerts New and updated content Dates for your diary New Q&As New Q&As Brexit — HMT outlines the next stage of the Smarter Regulatory Framework. HM Treasury (HMT) has issued a policy paper describing the upcoming...

ARCHIVED This Practice Note is no longer being updated, as it relates to the operation of EU free movement rules in the UK before IP completion day, when the domestic measures giving effect to EU free movement were revoked, subject to specified savings and adjustments. For more information, including the applicable savings and the status of CJEU jurisprudence, see Practice Note: Brexit and the end of EU free movement law in the UK. The Note remains available in archived form for historical reference, since EU law as it previously applied in the UK continues to be of relevance in some limited contexts. For earlier iterations of the Immigration (European Economic Area) Regulations 2016, SI 2016/1052, including the version immediately before revocation, see Legislation.gov.uk. For continuing developments in EU free movement law within EU Member States, see: Immigration, employment & share incentives (EU Law)—overview. European Economic Area (EEA) nationals who are working as employees or carrying on self-employed activity, and in certain cases jobseekers, have a right of residence in...

CASE HUB ARCHIVED This archived case hub captures the position as at the decision date of 13 September 2013 and is no longer updated. See further: timeline commentary related/relevant cases Case facts ARCHIVE—13/09/2013 Outline Appeals were brought before the General Court seeking annulment, partial annulment and/or a cut in the level of the individual penalties imposed arising from the Commission’s decision of 1 October 2008. That decision found breaches of Article 101 TFEU and Article 53 of the EEA Agreement and levied a €128.163m fine on Total France, jointly and severally with Total SA, for alleged participation in a price-fixing and market/customer allocation cartel involving paraffin waxes across the European Economic Area (EEA) and slack wax in Germany between 1992 and 2005 (‘Candle waxes cartel’). On 13 September 2013, the General Court rejected Total’s case in full but granted a small decrease to Total Raffinage’s penalty due to errors in the fine calculation, notably as regards duration...

ARCHIVED: This archived Practice Note outlines the data protection framework prior to 25 May 2018 and reflects the position under the Data Protection Act 1998 (DPA 1998). It is provided for background reference only and is not maintained. Information Commissioner Under the DPA 1998, the Information Commissioner and officials at the Information Commissioner’s Office (ICO) are responsible for enforcement. The Commissioner reports directly to Parliament. promote sound practice and compliance with the DPA 1998 by data controllers publish information and provide advice produce codes of practice international co-operation: with the European Commission and supervisory authorities in other European Economic Area (EEA) states in respect of the United Kingdom’s international obligations concerning the Council of Convention for the Protection of Individuals with regard to Automatic Processing of Personal Data The ICO has issued a guide to data protection to support data controllers. The ICO website also provides numerous...

Privacy notice We treat your privacy with care. Please review this privacy notice closely, as it sets out important details about who we are and the reasons and methods by which we gather, retain, utilise and disclose your personal data. It outlines your rights concerning your personal data and how to reach us, or supervisory authorities, if you need to make a complaint. We collect, use, and are responsible for certain personal data about you. When doing so, we are governed by the UK General Data Protection Regulation (UK GDPR). We are likewise subject to the EU General Data Protection Regulation (EU GDPR) in respect of individuals, and our wider operations, within the European Economic Area (EEA)...

BREXIT At 11pm (GMT) on 31 December 2020—known as ‘IP completion day’—the transition/implementation period entered into following the UK’s withdrawal from the EU came to a close. From that point onwards, key transitional arrangements came to an end and wide‑ranging changes started to take effect across the UK’s legal regime. This document provides guidance on subjects affected by these changes. Before continuing your research, see: Brexit and financial services: materials on the post‑Brexit UK/EU regulatory regime [Archived]. This Q&A assesses the impact of Brexit on passporting in the insurance sector, outlines the options available to insurers to continue to access the European Economic Areas (EEA), and highlights the factors for insurers to take into account in their contingency planning. This Q&A is produced in partnership with Clare Swirski at Clifford Chance. What are the main aspects of passporting under Solvency II?...