15.11.2018   

EN

Official Journal of the European Union

C 414/10


JUDGMENT OF THE COURT

of 14 June 2018

in Case E-15/17

EFTA Surveillance Authority v Iceland

(Failure by an EFTA State to fulfil its obligations — Failure to implement — Regulation (EU) No 694/2014)

(2018/C 414/12)

In Case E-15/17, EFTA Surveillance Authority v Iceland – APPLICATION for a declaration that Iceland has failed to fulfil its obligations under Article 7 of the Agreement on the European Economic Area by failing to make the Act referred to at point 31bbd of Annex IX to that Agreement (Commission Delegated Regulation (EU) No 694/2014 of 17 December 2013 supplementing Directive 2011/61/EU of the European Parliament and of the Council with regard to regulatory technical standards determining types of alternative investment fund managers), as adapted by Protocol 1 to the Agreement, part of its internal legal order, 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 Article 7 of the Agreement on the European Economic Area by failing to make the Act referred to at point 31bbd of Annex IX to that Agreement (Commission Delegated Regulation (EU) No 694/2014 of 17 December 2013 supplementing Directive 2011/61/EU of the European Parliament and of the Council with regard to regulatory technical standards determining types of alternative investment fund managers), as adapted to the Agreement under its Protocol 1, part of its internal legal order.

2.

Orders Iceland to bear the costs of the proceedings.