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ESA and its role in the area of financial services

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16.04.2018 15:00 - 17:30


The EFTA Surveillance Authority (ESA), which is based in Brussels, monitors compliance with the rules of the EEA Agreement in Iceland, Liechtenstein and Norway, enabling these EFTA States to participate in the European Internal Market. ESA’s competences largely correspond to those of the European Commission.

An essential purpose of the EEA Agreement is to guarantee, in all 31 EEA States, the free movement of goods, persons, services and capital – “the four freedoms”. All new relevant EU legislation is also introduced through the EEA Agreement so that it applies throughout the EEA, ensuring a common market with common rules. This includes rules in the area of financial services, whose objective is to develop a single European financial market in which service providers can freely offer their services in the different countries within the EEA.

This event will focus on ESA’s monitoring of the EFTA States' obligations to incorporate internal market rules into their domestic law, and to apply the rules correctly. In addition, an overview of ESA’s decision-making powers towards national supervisory authorities and firms established in the three EFTA States in the area of financial services will be presented. These powers correspond to the decision-making powers of the European Supervisory Authorities
(EBA, EIOPA and ESMA) in the EU, and require a close cooperation between ESA and the EU authorities.

The lectures will be followed by a presentation from Liechtenstein on how EU law is incorporated into the EEA Agreement and a question and answer session. During the subsequent aperitif, there is the opportunity to engage in a discussion with the ESA staff members present.

Information Contact

Dipl. Kff. Nadja Dobler


The General Terms and Conditions apply by submitting a binding registration.
Details on Right of Withdrawal/Cancellation and Dropout as well as Substitute Participants are regulated in the General Terms and Conditions.