15.11.2018   

EN

Official Journal of the European Union

C 414/6


JUDGMENT OF THE COURT

of 14 June 2018

in Case E-11/17

EFTA Surveillance Authority v Iceland

(Failure by an EFTA State to fulfil its obligations — Failure to implement — Directive 2011/61/EU)

(2018/C 414/08)

In Case E-11/17, EFTA Surveillance Authority v Iceland – APPLICATION for a declaration that Iceland has failed to fulfil its obligations under the Act referred to at points 30, 31bb, 31d, 31eb and 31i of Annex IX to the Agreement on the European Economic Area (Directive 2011/61/EU of the European Parliament and of the Council of 8 June 2011 on Alternative Investment Fund Managers and amending Directives 2003/41/EC and 2009/65/EC and Regulations (EC) No 1060/2009 and (EU) No 1095/2010), as adapted by Protocol 1 to the Agreement, and under Article 7 of the Agreement, by failing to adopt the measures necessary to implement that Act within the time prescribed, and/or by failing to notify the EFTA Surveillance Authority of the measures it has adopted to implement that Act, the Court, composed of Páll Hreinsson, President, Per Christiansen and Bernd Hammermann (Judge-Rapporteur), Judges, gave judgment on 14 June 2018, the operative part of which is as follows:

The Court hereby:

1.

Declares that Iceland has failed to fulfil its obligations under the Act referred to at points 30, 31bb, 31d, 31eb and 31i of Annex IX to the Agreement on the European Economic Area (Directive 2011/61/EU of the European Parliament and of the Council of 8 June 2011 on Alternative Investment Fund Managers and amending Directives 2003/41/EC and 2009/65/EC and Regulations (EC) No 1060/2009 and (EU) No 1095/2010), as adapted to the Agreement under its Protocol 1, and under Article 7 of the Agreement, by failing to adopt the measures necessary to implement the Act within the time prescribed.

2.

Orders Iceland to bear the costs of the proceedings.