# Official Journal L 257/2016

| | ISSN 1977-0677 |
| --- | --- |
| Official Journal
  of the European Union | L 257 |
| | |
| English edition | Legislation | Volume 5923 September 2016 |

ISSN 1977-0677

Official Journal

of the European Union

L 257

English edition

Legislation

Volume 5923 September 2016

---

| Contents | | II   Non-legislative acts | page |
| --- | --- | --- | --- |
| | | REGULATIONS |
| | * | Commission Regulation (EU) 2016/1703 of 22 September 2016 amending Regulation (EC) No 1126/2008 adopting certain international accounting standards in accordance with Regulation (EC) No 1606/2002 of the European Parliament and of the Council as regards International Financial Reporting Standards 10 and 12 and International Accounting Standard 28 (
  1
  ) | 1 |
| | | Commission Implementing Regulation (EU) 2016/1704 of 22 September 2016 establishing the standard import values for determining the entry price of certain fruit and vegetables | 8 |
| | * | Regulation (EU) 2016/1705 of the European Central Bank of 9 September 2016 amending Regulation (EC) No 1745/2003 (ECB/2003/9) on the application of minimum reserves (ECB/2016/26) | 10 |
| | | DECISIONS |
| | * | Council Decision (EU, Euratom) 2016/1706, taken by common accord with the President of the Commission, of 19 September 2016 appointing a Member of the European Commission | 12 |
| | * | Council Decision (EU) 2016/1707 of 20 September 2016 amending Decision 1999/70/EC concerning the external auditors of the national central banks, as regards the external auditors of Eesti Pank | 13 |
| | * | Council Decision (EU) 2016/1708 of 20 September 2016 appointing a member, proposed by the Federal Republic of Germany, of the Committee of the Regions | 15 |
| | * | Council Decision (EU) 2016/1709 of 20 September 2016 appointing a member, proposed by the Portuguese Republic of the Committee of the Regions | 16 |

Contents

II   Non-legislative acts

page

REGULATIONS

*

Commission Regulation (EU) 2016/1703 of 22 September 2016 amending Regulation (EC) No 1126/2008 adopting certain international accounting standards in accordance with Regulation (EC) No 1606/2002 of the European Parliament and of the Council as regards International Financial Reporting Standards 10 and 12 and International Accounting Standard 28 (
  1
  )

1

1

Commission Implementing Regulation (EU) 2016/1704 of 22 September 2016 establishing the standard import values for determining the entry price of certain fruit and vegetables

8

*

Regulation (EU) 2016/1705 of the European Central Bank of 9 September 2016 amending Regulation (EC) No 1745/2003 (ECB/2003/9) on the application of minimum reserves (ECB/2016/26)

10

DECISIONS

*

Council Decision (EU, Euratom) 2016/1706, taken by common accord with the President of the Commission, of 19 September 2016 appointing a Member of the European Commission

12

*

Council Decision (EU) 2016/1707 of 20 September 2016 amending Decision 1999/70/EC concerning the external auditors of the national central banks, as regards the external auditors of Eesti Pank

13

*

Council Decision (EU) 2016/1708 of 20 September 2016 appointing a member, proposed by the Federal Republic of Germany, of the Committee of the Regions

15

*

Council Decision (EU) 2016/1709 of 20 September 2016 appointing a member, proposed by the Portuguese Republic of the Committee of the Regions

16

| | |
| --- | --- |
| | (1)   Text with EEA relevance |

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(1)   Text with EEA relevance

1

| EN | Acts whose titles are printed in light type are those relating to day-to-day management of agricultural matters, and are generally valid for a limited period.
  The titles of all other Acts are printed in bold type and preceded by an asterisk. |
| --- | --- |

EN

Acts whose titles are printed in light type are those relating to day-to-day management of agricultural matters, and are generally valid for a limited period.

The titles of all other Acts are printed in bold type and preceded by an asterisk.

---

II Non-legislative acts

REGULATIONS

| 23.9.2016 | EN | Official Journal of the European Union | L 257/1 |
| --- | --- | --- | --- |

23.9.2016

EN

Official Journal of the European Union

L 257/1

---

COMMISSION REGULATION (EU) 2016/1703

of 22 September 2016

amending Regulation (EC) No 1126/2008 adopting certain international accounting standards in accordance with Regulation (EC) No 1606/2002 of the European Parliament and of the Council as regards International Financial Reporting Standards 10 and 12 and International Accounting Standard 28

(Text with EEA relevance)

THE EUROPEAN COMMISSION,

Having regard to the Treaty on the Functioning of the European Union,

Having regard to Regulation (EC) No 1606/2002 of the European Parliament and of the Council of 19 July 2002 on the application of international accounting standards (1), and in particular Article 3(1) thereof,

Whereas:

| (1) | By Commission Regulation (EC) No 1126/2008 (2) certain international standards and interpretations that were in existence at 15 October 2008 were adopted. |
| --- | --- |

(1)

By Commission Regulation (EC) No 1126/2008 (2) certain international standards and interpretations that were in existence at 15 October 2008 were adopted.

| (2) | On 18 December 2014, the International Accounting Standards Board (IASB) published amendments to International Financial Reporting Standard (IFRS) 10 Consolidated Financial Statements and IFRS 12 Disclosure of Interests in Other Entities and International Accounting Standard (IAS) 28 Investments in Associates and Joint Ventures entitled Investment Entities: Applying the Consolidation Exception. The amendments aim to clarify the requirements when accounting for investment entities and provide relief in particular circumstances. |
| --- | --- |

(2)

On 18 December 2014, the International Accounting Standards Board (IASB) published amendments to International Financial Reporting Standard (IFRS) 10 Consolidated Financial Statements and IFRS 12 Disclosure of Interests in Other Entities and International Accounting Standard (IAS) 28 Investments in Associates and Joint Ventures entitled Investment Entities: Applying the Consolidation Exception. The amendments aim to clarify the requirements when accounting for investment entities and provide relief in particular circumstances.

| (3) | The amendments to IFRS 10 contain some references to IFRS 9 that at present cannot be applied as IFRS 9 has not been adopted by the Union. Therefore, any reference to IFRS 9 as laid down in the Annex to this Regulation should be read as a reference to IAS 39 Financial Instruments: Recognition and Measurement. |
| --- | --- |

(3)

The amendments to IFRS 10 contain some references to IFRS 9 that at present cannot be applied as IFRS 9 has not been adopted by the Union. Therefore, any reference to IFRS 9 as laid down in the Annex to this Regulation should be read as a reference to IAS 39 Financial Instruments: Recognition and Measurement.

| (4) | The consultation with the European Financial Reporting Advisory Group confirms that the amendments to IFRS 10 and 12 and IAS 28 meet the criteria for adoption set out in Article 3(2) of Regulation (EC) No 1606/2002. |
| --- | --- |

(4)

The consultation with the European Financial Reporting Advisory Group confirms that the amendments to IFRS 10 and 12 and IAS 28 meet the criteria for adoption set out in Article 3(2) of Regulation (EC) No 1606/2002.

| (5) | Regulation (EC) No 1126/2008 should therefore be amended accordingly. |
| --- | --- |

(5)

Regulation (EC) No 1126/2008 should therefore be amended accordingly.

| (6) | The measures provided for in this Regulation are in accordance with the opinion of the Accounting Regulatory Committee, |
| --- | --- |

(6)

The measures provided for in this Regulation are in accordance with the opinion of the Accounting Regulatory Committee,

HAS ADOPTED THIS REGULATION:

Article 1

1.   The Annex to Regulation (EC) No 1126/2008 is amended as follows:

| (a) | International Financial Reporting Standard (IFRS) 10 Consolidated Financial Statements is amended as set out in the Annex to this Regulation; |
| --- | --- |

(a)

International Financial Reporting Standard (IFRS) 10 Consolidated Financial Statements is amended as set out in the Annex to this Regulation;

| (b) | IFRS 12 Disclosure of Interests in Other Entities is amended as set out in the Annex to this Regulation; |
| --- | --- |

(b)

IFRS 12 Disclosure of Interests in Other Entities is amended as set out in the Annex to this Regulation;

| (c) | International Accounting Standard (IAS) 28 Investments in Associates and Joint Ventures is amended as set out in the Annex to this Regulation. |
| --- | --- |

(c)

International Accounting Standard (IAS) 28 Investments in Associates and Joint Ventures is amended as set out in the Annex to this Regulation.

2.   Any reference to IFRS 9 as laid down in the Annex to this Regulation shall be read as a reference to IAS 39 Financial Instruments: Recognition and Measurement.

Article 2

Each company shall apply the amendments referred to in Article 1(1), at the latest, as from the commencement date of its first financial year starting on or after 1 January 2016.

Article 3

This Regulation shall enter into force on the third day following that of its publication in the Official Journal of the European Union.

This Regulation shall be binding in its entirety and directly applicable in all Member States.

Done at Brussels, 22 September 2016.

For the Commission

The President

Jean-Claude JUNCKER

---

(1)  
  OJ L 243, 11.9.2002, p. 1.

1

(2)  Commission Regulation (EC) No 1126/2008 of 3 November 2008 adopting certain international accounting standards in accordance with Regulation (EC) No 1606/2002 of the European Parliament and of the Council (OJ L 320, 29.11.2008, p. 1).

2

---

ANNEX

Investment Entities: Applying the Consolidation Exception

(Amendments to IFRS 10, IFRS 12 and IAS 28)

Amendments to

IFRS 10 Consolidated Financial Statements

Paragraphs 4 and 32 are amended and paragraphs 4A–4B are added. Paragraphs 31 and 33 are not amended, but have been included for ease of reference.

SCOPE

| 4. | An entity that is a parent shall present consolidated financial statements. This IFRS applies to all entities, except as follows:






  (a) | a parent need not present consolidated financial statements if it meets all the following conditions:






  (i) | it is a wholly-owned subsidiary or is a partially-owned subsidiary of another entity and all its other owners, including those not otherwise entitled to vote, have been informed about, and do not object to, the parent not presenting consolidated financial statements; |
| --- | --- | --- | --- |

4.

(a)

a parent need not present consolidated financial statements if it meets all the following conditions:

(i)

it is a wholly-owned subsidiary or is a partially-owned subsidiary of another entity and all its other owners, including those not otherwise entitled to vote, have been informed about, and do not object to, the parent not presenting consolidated financial statements;

| (ii) | its debt or equity instruments are not traded in a public market (a domestic or foreign stock exchange or an over-the-counter market, including local and regional markets); |
| --- | --- |

(ii)

its debt or equity instruments are not traded in a public market (a domestic or foreign stock exchange or an over-the-counter market, including local and regional markets);

| (iii) | it did not file, nor is it in the process of filing, its financial statements with a securities commission or other regulatory organisation for the purpose of issuing any class of instruments in a public market; and |
| --- | --- |

(iii)

it did not file, nor is it in the process of filing, its financial statements with a securities commission or other regulatory organisation for the purpose of issuing any class of instruments in a public market; and

| (iv) | its ultimate or any intermediate parent produces financial statements that are available for public use and comply with IFRSs, in which subsidiaries are consolidated or are measured at fair value through profit or loss in accordance with this IFRS. |
| --- | --- |

(iv)

its ultimate or any intermediate parent produces financial statements that are available for public use and comply with IFRSs, in which subsidiaries are consolidated or are measured at fair value through profit or loss in accordance with this IFRS.

| (b) | [deleted] |
| --- | --- |

(b)

[deleted]

| (c) | [deleted] |
| --- | --- |

(c)

[deleted]

| 4A | This IFRS does not apply to post-employment benefit plans or other long-term employee benefit plans to which IAS 19 Employee Benefits applies. |
| --- | --- |

4A

| 4B | A parent that is an investment entity shall not present consolidated financial statements if it is required, in accordance with paragraph 31 of this IFRS, to measure all of its subsidiaries at fair value through profit or loss. |
| --- | --- |

4B

...

INVESTMENT ENTITIES: EXCEPTION TO CONSOLIDATION

| 31. | Except as described in paragraph 32, an investment entity shall not consolidate its subsidiaries or apply IFRS 3 when it obtains control of another entity. Instead, an investment entity shall measure an investment in a subsidiary at fair value through profit or loss in accordance with IFRS 9. |
| --- | --- |

31.

| 32. | Notwithstanding the requirement in paragraph 31, if an investment entity has a subsidiary that is not itself an investment entity and whose main purpose and activities are providing services that relate to the investment entity's investment activities (see paragraphs B85C–B85E), it shall consolidate that subsidiary in accordance with paragraphs 19–26 of this IFRS and apply the requirements of IFRS 3 to the acquisition of any such subsidiary. |
| --- | --- |

32.

| 33. | A parent of an investment entity shall consolidate all entities that it controls, including those controlled through an investment entity subsidiary, unless the parent itself is an investment entity. |
| --- | --- |

33.

In Appendix B, paragraphs B85C and B85E are amended. Paragraphs B85A–B85B and B85D are not amended, but have been included for ease of reference.

DETERMINING WHETHER AN ENTITY IS AN INVESTMENT ENTITY

| B85A | An entity shall consider all facts and circumstances when assessing whether it is an investment entity, including its purpose and design. An entity that possesses the three elements of the definition of an investment entity set out in paragraph 27 is an investment entity. Paragraphs B85B–B85M describe the elements of the definition in more detail. |
| --- | --- |

B85A

Business purpose

| B85B | The definition of an investment entity requires that the purpose of the entity is to invest solely for capital appreciation, investment income (such as dividends, interest or rental income), or both. Documents that indicate what the entity's investment objectives are, such as the entity's offering memorandum, publications distributed by the entity and other corporate or partnership documents, will typically provide evidence of an investment entity's business purpose. Further evidence may include the manner in which the entity presents itself to other parties (such as potential investors or potential investees); for example, an entity may present its business as providing medium-term investment for capital appreciation. In contrast, an entity that presents itself as an investor whose objective is to jointly develop, produce or market products with its investees has a business purpose that is inconsistent with the business purpose of an investment entity, because the entity will earn returns from the development, production or marketing activity as well as from its investments (see paragraph B85I). |
| --- | --- |

B85B

| B85C | An investment entity may provide investment-related services (eg investment advisory services, investment management, investment support and administrative services), either directly or through a subsidiary, to third parties as well as to its investors, even if those activities are substantial to the entity, subject to the entity continuing to meet the definition of an investment entity. |
| --- | --- |

B85C

| B85D | An investment entity may also participate in the following investment-related activities, either directly or through a subsidiary, if these activities are undertaken to maximise the investment return (capital appreciation or investment income) from its investees and do not represent a separate substantial business activity or a separate substantial source of income to the investment entity:






  (a) | providing management services and strategic advice to an investee; and |
| --- | --- | --- |

B85D

(a)

providing management services and strategic advice to an investee; and

| (b) | providing financial support to an investee, such as a loan, capital commitment or guarantee. |
| --- | --- |

(b)

providing financial support to an investee, such as a loan, capital commitment or guarantee.

| B85E | If an investment entity has a subsidiary that is not itself an investment entity and whose main purpose and activities are providing investment-related services or activities that relate to the investment entity's investment activities, such as those described in paragraphs B85C–B85D, to the entity or other parties, it shall consolidate that subsidiary in accordance with paragraph 32. If the subsidiary that provides the investment-related services or activities is itself an investment entity, the investment entity parent shall measure that subsidiary at fair value through profit or loss in accordance with paragraph 31. |
| --- | --- |

B85E

In Appendix C, paragraph C1D is added and paragraph C2A is amended.

EFFECTIVE DATE

...

| C1D | Investment Entities: Applying the Consolidation Exception (Amendments to IFRS 10, IFRS 12 and IAS 28), issued in December 2014, amended paragraphs 4, 32, B85C, B85E and C2A and added paragraphs 4A–4B. An entity shall apply those amendments for annual periods beginning on or after 1 January 2016. Earlier application is permitted. If an entity applies those amendments for an earlier period it shall disclose that fact. |
| --- | --- |

C1D

TRANSITION

...

| C2A | Notwithstanding the requirements of paragraph 28 of IAS 8, when this IFRS is first applied, and, if later, when the Investment Entities and Investment Entities: Applying the Consolidation Exception amendments to this IFRS are first applied, an entity need only present the quantitative information required by paragraph 28(f) of IAS 8 for the annual period immediately preceding the date of initial application of this IFRS (the ‘immediately preceding period’). An entity may also present this information for the current period or for earlier comparative periods, but is not required to do so. |
| --- | --- |

C2A

Amendments to

IFRS 12 Disclosure of Interests in Other Entities

Paragraph 6 is amended.

SCOPE

...

| 6. | This IFRS does not apply to:






  (a) | ... |
| --- | --- | --- |

6.

(a)

...

| (b) | an entity's separate financial statements to which IAS 27 Separate Financial Statements applies. However,:






  (i) | if an entity has interests in unconsolidated structured entities and prepares separate financial statements as its only financial statements, it shall apply the requirements in paragraphs 24–31 when preparing those separate financial statements. |
| --- | --- | --- |

(b)

an entity's separate financial statements to which IAS 27 Separate Financial Statements applies. However,:

(i)

if an entity has interests in unconsolidated structured entities and prepares separate financial statements as its only financial statements, it shall apply the requirements in paragraphs 24–31 when preparing those separate financial statements.

| (ii) | an investment entity that prepares financial statements in which all of its subsidiaries are measured at fair value through profit or loss in accordance with paragraph 31 of IFRS 10 shall present the disclosures relating to investment entities required by this IFRS. |
| --- | --- |

(ii)

an investment entity that prepares financial statements in which all of its subsidiaries are measured at fair value through profit or loss in accordance with paragraph 31 of IFRS 10 shall present the disclosures relating to investment entities required by this IFRS.

| (c) | ... |
| --- | --- |

(c)

...

In Appendix C, paragraph C1C is added.

EFFECTIVE DATE AND TRANSITION

...

| C1C | Investment Entities: Applying the Consolidation Exception (Amendments to IFRS 10, IFRS 12 and IAS 28), issued in December 2014, amended paragraph 6. An entity shall apply that amendment for annual periods beginning on or after 1 January 2016. Earlier application is permitted. If an entity applies that amendment for an earlier period it shall disclose that fact. |
| --- | --- |

C1C

Amendments to

IAS 28 Investments in Associates and Joint Ventures

Paragraphs 17, 27 and 36 are amended and paragraphs 36A and 45D are added. Paragraphs 26 and 35 are not amended, but have been included for ease of reference.

Exemptions from applying the equity method

| 17. | An entity need not apply the equity method to its investment in an associate or a joint venture if the entity is a parent that is exempt from preparing consolidated financial statements by the scope exception in paragraph 4(a) of IFRS 10 or if all the following apply:






  (a) | The entity is a wholly-owned subsidiary, or is a partially-owned subsidiary of another entity and its other owners, including those not otherwise entitled to vote, have been informed about, and do not object to, the entity not applying the equity method. |
| --- | --- | --- |

17.

(a)

The entity is a wholly-owned subsidiary, or is a partially-owned subsidiary of another entity and its other owners, including those not otherwise entitled to vote, have been informed about, and do not object to, the entity not applying the equity method.

| (b) | The entity's debt or equity instruments are not traded in a public market (a domestic or foreign stock exchange or an over-the-counter market, including local and regional markets). |
| --- | --- |

(b)

The entity's debt or equity instruments are not traded in a public market (a domestic or foreign stock exchange or an over-the-counter market, including local and regional markets).

| (c) | The entity did not file, nor is it in the process of filing, its financial statements with a securities commission or other regulatory organisation, for the purpose of issuing any class of instruments in a public market. |
| --- | --- |

(c)

The entity did not file, nor is it in the process of filing, its financial statements with a securities commission or other regulatory organisation, for the purpose of issuing any class of instruments in a public market.

| (d) | The ultimate or any intermediate parent of the entity produces financial statements available for public use that comply with IFRSs, in which subsidiaries are consolidated or are measured at fair value through profit or loss in accordance with IFRS 10. |
| --- | --- |

(d)

The ultimate or any intermediate parent of the entity produces financial statements available for public use that comply with IFRSs, in which subsidiaries are consolidated or are measured at fair value through profit or loss in accordance with IFRS 10.

...

Equity method procedures

| 26. | Many of the procedures that are appropriate for the application of the equity method are similar to the consolidation procedures described in IFRS 10. Furthermore, the concepts underlying the procedures used in accounting for the acquisition of a subsidiary are also adopted in accounting for the acquisition of an investment in an associate or a joint venture. |
| --- | --- |

26.

| 27. | A group's share in an associate or a joint venture is the aggregate of the holdings in that associate or joint venture by the parent and its subsidiaries. The holdings of the group's other associates or joint ventures are ignored for this purpose. When an associate or a joint venture has subsidiaries, associates or joint ventures, the profit or loss, other comprehensive income and net assets taken into account in applying the equity method are those recognised in the associate's or joint venture's financial statements (including the associate's or joint venture's share of the profit or loss, other comprehensive income and net assets of its associates and joint ventures), after any adjustments necessary to give effect to uniform accounting policies (see paragraphs 35–36A). |
| --- | --- |

27.

...

| 35. | The entity's financial statements shall be prepared using uniform accounting policies for like transactions and events in similar circumstances. |
| --- | --- |

35.

| 36. | Except as described in paragraph 36A, if an associate or a joint venture uses accounting policies other than those of the entity for like transactions and events in similar circumstances, adjustments shall be made to make the associate's or joint venture's accounting policies conform to those of the entity when the associate's or joint venture's financial statements are used by the entity in applying the equity method. |
| --- | --- |

36.

| 36A | Notwithstanding the requirement in paragraph 36, if an entity that is not itself an investment entity has an interest in an associate or joint venture that is an investment entity, the entity may, when applying the equity method, retain the fair value measurement applied by that investment entity associate or joint venture to the investment entity associate's or joint venture's interests in subsidiaries. |
| --- | --- |

36A

...

EFFECTIVE DATE AND TRANSITION

...

| 45D | Investment Entities: Applying the Consolidation Exception (Amendments to IFRS 10, IFRS 12 and IAS 28), issued in December 2014, amended paragraphs 17, 27 and 36 and added paragraph 36A. An entity shall apply those amendments for annual periods beginning on or after 1 January 2016. Earlier application is permitted. If an entity applies those amendments for an earlier period, it shall disclose that fact. |
| --- | --- |

45D

---

| 23.9.2016 | EN | Official Journal of the European Union | L 257/8 |
| --- | --- | --- | --- |

23.9.2016

EN

Official Journal of the European Union

L 257/8

---

COMMISSION IMPLEMENTING REGULATION (EU) 2016/1704

of 22 September 2016

establishing the standard import values for determining the entry price of certain fruit and vegetables

THE EUROPEAN COMMISSION,

Having regard to the Treaty on the Functioning of the European Union,

Having regard to Regulation (EU) No 1308/2013 of the European Parliament and of the Council of 17 December 2013 establishing a common organisation of the markets in agricultural products and repealing Council Regulations (EEC) No 922/72, (EEC) No 234/79, (EC) No 1037/2001 and (EC) No 1234/2007 (1),

Having regard to Commission Implementing Regulation (EU) No 543/2011 of 7 June 2011 laying down detailed rules for the application of Council Regulation (EC) No 1234/2007 in respect of the fruit and vegetables and processed fruit and vegetables sectors (2), and in particular Article 136(1) thereof,

Whereas:

| (1) | Implementing Regulation (EU) No 543/2011 lays down, pursuant to the outcome of the Uruguay Round multilateral trade negotiations, the criteria whereby the Commission fixes the standard values for imports from third countries, in respect of the products and periods stipulated in Annex XVI, Part A thereto. |
| --- | --- |

(1)

Implementing Regulation (EU) No 543/2011 lays down, pursuant to the outcome of the Uruguay Round multilateral trade negotiations, the criteria whereby the Commission fixes the standard values for imports from third countries, in respect of the products and periods stipulated in Annex XVI, Part A thereto.

| (2) | The standard import value is calculated each working day, in accordance with Article 136(1) of Implementing Regulation (EU) No 543/2011, taking into account variable daily data. Therefore this Regulation should enter into force on the day of its publication in the Official Journal of the European Union, |
| --- | --- |

(2)

The standard import value is calculated each working day, in accordance with Article 136(1) of Implementing Regulation (EU) No 543/2011, taking into account variable daily data. Therefore this Regulation should enter into force on the day of its publication in the Official Journal of the European Union,

HAS ADOPTED THIS REGULATION:

Article 1

The standard import values referred to in Article 136 of Implementing Regulation (EU) No 543/2011 are fixed in the Annex to this Regulation.

Article 2

This Regulation shall enter into force on the day of its publication in the Official Journal of the European Union.

This Regulation shall be binding in its entirety and directly applicable in all Member States.

Done at Brussels, 22 September 2016.

For the Commission,

On behalf of the President,

Jerzy PLEWA

Director-General for Agriculture and Rural Development

---

(1)  
  OJ L 347, 20.12.2013, p. 671.

1

(2)  
  OJ L 157, 15.6.2011, p. 1.

2

---

ANNEX

Standard import values for determining the entry price of certain fruit and vegetables

| (EUR/100 kg) |
| --- |
| CN code | Third country code (1) | Standard import value |
| 0702 00 00 | MA | 147,7 |
| ZZ | 147,7 |
| 0707 00 05 | TR | 116,3 |
| ZZ | 116,3 |
| 0709 93 10 | TR | 133,0 |
| ZZ | 133,0 |
| 0805 50 10 | AR | 92,1 |
| CL | 109,2 |
| MA | 81,7 |
| TR | 117,6 |
| UY | 106,4 |
| ZA | 117,9 |
| ZZ | 104,2 |
| 0806 10 10 | TR | 129,3 |
| ZA | 80,3 |
| ZZ | 104,8 |
| 0808 10 80 | AR | 195,9 |
| BR | 97,9 |
| CL | 137,2 |
| NZ | 130,9 |
| ZA | 105,7 |
| ZZ | 133,5 |
| 0808 30 90 | CL | 126,9 |
| CN | 73,2 |
| TR | 134,3 |
| ZA | 155,4 |
| ZZ | 122,5 |
| 0809 30 10 , 0809 30 90 | TR | 129,2 |
| ZZ | 129,2 |

(EUR/100 kg)

CN code

Third country code (1)

Standard import value

0702 00 00

MA

147,7

ZZ

147,7

0707 00 05

TR

116,3

ZZ

116,3

0709 93 10

TR

133,0

ZZ

133,0

0805 50 10

AR

92,1

CL

109,2

MA

81,7

TR

117,6

UY

106,4

ZA

117,9

ZZ

104,2

0806 10 10

TR

129,3

ZA

80,3

ZZ

104,8

0808 10 80

AR

195,9

BR

97,9

CL

137,2

NZ

130,9

ZA

105,7

ZZ

133,5

0808 30 90

CL

126,9

CN

73,2

TR

134,3

ZA

155,4

ZZ

122,5

0809 30 10 , 0809 30 90

TR

129,2

ZZ

129,2

---

(1)  Nomenclature of countries laid down by Commission Regulation (EU) No 1106/2012 of 27 November 2012 implementing Regulation (EC) No 471/2009 of the European Parliament and of the Council on Community statistics relating to external trade with non-member countries, as regards the update of the nomenclature of countries and territories (OJ L 328, 28.11.2012, p. 7). Code ‘ZZ’ stands for ‘of other origin’.

---

| 23.9.2016 | EN | Official Journal of the European Union | L 257/10 |
| --- | --- | --- | --- |

23.9.2016

EN

Official Journal of the European Union

L 257/10

---

REGULATION (EU) 2016/1705 OF THE EUROPEAN CENTRAL BANK

of 9 September 2016

amending Regulation (EC) No 1745/2003 (ECB/2003/9) on the application of minimum reserves (ECB/2016/26)

THE GOVERNING COUNCIL OF THE EUROPEAN CENTRAL BANK,

Having regard to the Statute of the European System of Central Banks and of the European Central Bank, and in particular Article 19.1 thereof,

Having regard to Council Regulation (EC) No 2531/98 of 23 November 1998 concerning the application of minimum reserves by the European Central Bank (1),

Whereas:

| (1) | For the exclusion of interbank liabilities from the reserve base, any standard deduction to be applied to liabilities with a maturity of up to two years within the debt securities category should be based on the euro area-wide macro ratio between: (a) the stock of relevant instruments issued by credit institutions and held by other credit institutions and by the ECB and participating national central banks; and (b) the total amount outstanding of such instruments issued by credit institutions. The method for applying the standard deduction set out in Article 3(2) of Regulation (EC) No 1745/2003 of the European Central Bank (ECB/2003/9) (2) should be further clarified. |
| --- | --- |

(1)

For the exclusion of interbank liabilities from the reserve base, any standard deduction to be applied to liabilities with a maturity of up to two years within the debt securities category should be based on the euro area-wide macro ratio between: (a) the stock of relevant instruments issued by credit institutions and held by other credit institutions and by the ECB and participating national central banks; and (b) the total amount outstanding of such instruments issued by credit institutions. The method for applying the standard deduction set out in Article 3(2) of Regulation (EC) No 1745/2003 of the European Central Bank (ECB/2003/9) (2) should be further clarified.

| (2) | Therefore, Regulation (EC) No 1745/2003 (ECB/2003/9) should be amended accordingly, |
| --- | --- |

(2)

Therefore, Regulation (EC) No 1745/2003 (ECB/2003/9) should be amended accordingly,

HAS ADOPTED THIS REGULATION:

Article 1

Amendments

Regulation (EC) No 1745/2003 (ECB/2003/9) is amended as follows:

| (1) | Article 3 is amended as follows:






  (a) | paragraphs 1 and 2 are replaced by the following:

  ‘1.   An institution's reserve base shall comprise the following liabilities, as defined in the ECB's reporting framework laid down in Regulation (EU) No 1071/2013 of the European Central Bank (ECB/2013/33) (*1), resulting from the acceptance of funds:






  (a) | deposits; and |
| --- | --- | --- | --- |

(1)

Article 3 is amended as follows:

(a)

paragraphs 1 and 2 are replaced by the following:

‘1.   An institution's reserve base shall comprise the following liabilities, as defined in the ECB's reporting framework laid down in Regulation (EU) No 1071/2013 of the European Central Bank (ECB/2013/33) (*1), resulting from the acceptance of funds:

(a)

deposits; and

| (b) | debt securities issued. |
| --- | --- |

(b)

debt securities issued.

If an institution has liabilities in relation to a branch of the same entity, or in relation to the head office or registered office of the same entity, which are located outside participating Member States, it shall include such liabilities in the reserve base.

2.   The following liabilities shall be excluded from the reserve base:

| (a) | liabilities owed to any other institution not included on the list of institutions exempt from the ECB's minimum reserve requirements in accordance with Article 2(3); and |
| --- | --- |

(a)

liabilities owed to any other institution not included on the list of institutions exempt from the ECB's minimum reserve requirements in accordance with Article 2(3); and

| (b) | liabilities owed to the ECB or to a participating NCB. |
| --- | --- |

(b)

liabilities owed to the ECB or to a participating NCB.

(*1)  Regulation (EU) No 1071/2013 of the European Central Bank of 24 September 2013 concerning the balance sheet of the monetary financial institutions sector (ECB/2013/33) (OJ L 297, 7.11.2013, p. 1).’;"

*1

| (b) | the following paragraph 2a is inserted:

  ‘2a.   For the liability category “deposits” referred to in point (a) of paragraph 1, the exclusion, as referred to in paragraph 2, shall be effected in the following manner: the institution shall provide evidence to the relevant participating NCB of the amount of liabilities referred to in points (a) and (b) of paragraph 2, and the amount evidenced shall be deducted from the reserve base.
  For the liability category “debt securities issued” referred to in point (b) of paragraph 1, the exclusion, as referred to in paragraph 2, shall be effected by deducting an amount from the reserve base in the following manner:






  (a) | the institution shall provide evidence to the relevant participating NCB of the amount of liabilities referred to in points (a) and (b) of paragraph 2, and the amount evidenced shall be deducted from the reserve base; |
| --- | --- | --- |

(b)

the following paragraph 2a is inserted:

‘2a.   For the liability category “deposits” referred to in point (a) of paragraph 1, the exclusion, as referred to in paragraph 2, shall be effected in the following manner: the institution shall provide evidence to the relevant participating NCB of the amount of liabilities referred to in points (a) and (b) of paragraph 2, and the amount evidenced shall be deducted from the reserve base.

For the liability category “debt securities issued” referred to in point (b) of paragraph 1, the exclusion, as referred to in paragraph 2, shall be effected by deducting an amount from the reserve base in the following manner:

(a)

the institution shall provide evidence to the relevant participating NCB of the amount of liabilities referred to in points (a) and (b) of paragraph 2, and the amount evidenced shall be deducted from the reserve base;

| (b) | where the institution is unable to provide evidence to the relevant participating NCB of the amount of liabilities referred to in points (a) and (b) of paragraph 2, the institution shall apply the standard deduction published on the ECB's website to the outstanding amount of the debt securities which it has issued and which have an original maturity of up to and including two years.’. |
| --- | --- |

(b)

where the institution is unable to provide evidence to the relevant participating NCB of the amount of liabilities referred to in points (a) and (b) of paragraph 2, the institution shall apply the standard deduction published on the ECB's website to the outstanding amount of the debt securities which it has issued and which have an original maturity of up to and including two years.’.

| (2) | Throughout the Regulation, the words ‘for money and banking statistics’ are deleted. |
| --- | --- |

(2)

Throughout the Regulation, the words ‘for money and banking statistics’ are deleted.

Article 2

Final provisions

This Regulation shall enter into force on 14 December 2016.

This Regulation shall be binding in its entirety and directly applicable in the Member States in accordance with the Treaties.

Done at Frankfurt am Main, 9 September 2016.

For the Governing Council of the ECB

The President of the ECB

Mario DRAGHI

---

(1)  
  OJ L 318, 27.11.1998, p. 1.

1

(2)  Regulation (EC) No 1745/2003 of the European Central Bank of 12 September 2003 on the application of minimum reserves (ECB/2003/9) (OJ L 250, 2.10.2003, p. 10).

2

---

DECISIONS

| 23.9.2016 | EN | Official Journal of the European Union | L 257/12 |
| --- | --- | --- | --- |

23.9.2016

EN

Official Journal of the European Union

L 257/12

---

COUNCIL DECISION (EU, Euratom) 2016/1706,

taken by common accord with the President of the Commission,

of 19 September 2016

appointing a Member of the European Commission

THE COUNCIL OF THE EUROPEAN UNION,

Having regard to the Treaty on the Functioning of the European Union, and in particular the second paragraph of Article 246 thereof,

Having regard to the Treaty establishing the European Atomic Energy Community, and in particular Article 106a thereof,

Having regard to the opinion of the European Parliament (1),

Whereas:

| (1) | On 23 October 2014 the European Council adopted Decision 2014/749/EU (2) appointing the European Commission for the period until 31 October 2019. |
| --- | --- |

(1)

On 23 October 2014 the European Council adopted Decision 2014/749/EU (2) appointing the European Commission for the period until 31 October 2019.

| (2) | In a letter dated 25 June 2016, Mr Jean-Claude JUNCKER, President of the Commission, informed the Council that Mr Jonathan HILL had resigned from his post as a Member of the Commission with effect from 15 July 2016 at midnight. |
| --- | --- |

(2)

In a letter dated 25 June 2016, Mr Jean-Claude JUNCKER, President of the Commission, informed the Council that Mr Jonathan HILL had resigned from his post as a Member of the Commission with effect from 15 July 2016 at midnight.

| (3) | In accordance with the second paragraph of Article 246 of the Treaty on the Functioning of the European Union, a vacancy caused by resignation is to be filled for the remainder of the Member's term of office by a new Member of the same nationality. |
| --- | --- |

(3)

In accordance with the second paragraph of Article 246 of the Treaty on the Functioning of the European Union, a vacancy caused by resignation is to be filled for the remainder of the Member's term of office by a new Member of the same nationality.

| (4) | A new Member of the Commission should therefore be appointed, |
| --- | --- |

(4)

A new Member of the Commission should therefore be appointed,

HAS ADOPTED THIS DECISION:

Article 1

By common accord with Mr Jean-Claude JUNCKER, President of the Commission, the Council appoints Mr Julian KING as Member of the Commission for the remainder of the term of office, which runs until 31 October 2019.

Article 2

This Decision shall enter into force on the date of its adoption.

Done at Brussels, 19 September 2016.

For the Council

The President

M. LAJČÁK

---

(1)  Opinion of 15 September 2016 (not yet published in the Official Journal).

1

(2)  
  OJ L 311, 31.10.2014, p. 36.

2

---

| 23.9.2016 | EN | Official Journal of the European Union | L 257/13 |
| --- | --- | --- | --- |

23.9.2016

EN

Official Journal of the European Union

L 257/13

---

COUNCIL DECISION (EU) 2016/1707

of 20 September 2016

amending Decision 1999/70/EC concerning the external auditors of the national central banks, as regards the external auditors of Eesti Pank

THE COUNCIL OF THE EUROPEAN UNION,

Having regard to Protocol No 4 on the Statute of the European System of Central Banks and of the European Central Bank, annexed to the Treaty on European Union and the Treaty on the Functioning of the European Union, and in particular Article 27.1 thereof,

Having regard to the Recommendation of the European Central Bank of 14 July 2016 to the Council of the European Union on the external auditors of Eesti Pank (ECB/2016/20) (1),

Whereas:

| (1) | The accounts of the European Central Bank (ECB) and of the national central banks of the Member States whose currency is the euro are to be audited by independent external auditors recommended by the Governing Council of the ECB and approved by the Council. |
| --- | --- |

(1)

The accounts of the European Central Bank (ECB) and of the national central banks of the Member States whose currency is the euro are to be audited by independent external auditors recommended by the Governing Council of the ECB and approved by the Council.

| (2) | The mandate of the external auditors of Eesti Pank expired after the audit for the financial year 2015. It is therefore necessary to appoint external auditors as from the financial year 2016. |
| --- | --- |

(2)

The mandate of the external auditors of Eesti Pank expired after the audit for the financial year 2015. It is therefore necessary to appoint external auditors as from the financial year 2016.

| (3) | Eesti Pank has selected KPMG Baltics OÜ as its external auditors for the financial years 2016 to 2020. |
| --- | --- |

(3)

Eesti Pank has selected KPMG Baltics OÜ as its external auditors for the financial years 2016 to 2020.

| (4) | The Governing Council of the ECB has recommended that KPMG Baltics OÜ should be appointed as the external auditors of Eesti Pank for the financial years 2016 to 2020. |
| --- | --- |

(4)

The Governing Council of the ECB has recommended that KPMG Baltics OÜ should be appointed as the external auditors of Eesti Pank for the financial years 2016 to 2020.

| (5) | Following the recommendation of the Governing Council of the ECB, Council Decision 1999/70/EC (2) should be amended accordingly, |
| --- | --- |

(5)

Following the recommendation of the Governing Council of the ECB, Council Decision 1999/70/EC (2) should be amended accordingly,

HAS ADOPTED THIS DECISION:

Article 1

In Article 1 of Decision 1999/70/EC, paragraph 17 is replaced by the following:

‘17.   KPMG Baltics OÜ are hereby approved as the external auditors of Eesti Pank for the financial years 2016 to 2020.’.

Article 2

This Decision shall take effect on the date of its notification.

Article 3

This Decision is addressed to the ECB.

Done at Brussels, 20 September 2016.

For the Council

The President

I. KORČOK

---

(1)  
  OJ C 266, 22.7.2016, p. 1.

1

(2)  Council Decision 1999/70/EC of 25 January 1999 concerning the external auditors of the national central banks (OJ L 22, 29.1.1999, p. 69).

2

---

| 23.9.2016 | EN | Official Journal of the European Union | L 257/15 |
| --- | --- | --- | --- |

23.9.2016

EN

Official Journal of the European Union

L 257/15

---

COUNCIL DECISION (EU) 2016/1708

of 20 September 2016

appointing a member, proposed by the Federal Republic of Germany, of the Committee of the Regions

THE COUNCIL OF THE EUROPEAN UNION,

Having regard to the Treaty on the Functioning of the European Union, and in particular Article 305 thereof,

Having regard to the proposal of the German Government,

Whereas:

| (1) | On 26 January 2015, 5 February 2015 and 23 June 2015, the Council adopted Decisions (EU) 2015/116 (1), (EU) 2015/190 (2) and (EU) 2015/994 (3) appointing the members and alternate members of the Committee of the Regions for the period from 26 January 2015 to 25 January 2020. |
| --- | --- |

(1)

On 26 January 2015, 5 February 2015 and 23 June 2015, the Council adopted Decisions (EU) 2015/116 (1), (EU) 2015/190 (2) and (EU) 2015/994 (3) appointing the members and alternate members of the Committee of the Regions for the period from 26 January 2015 to 25 January 2020.

| (2) | A member's seat on the Committee of the Regions has become vacant following the end of the term of office of Mr Peter FRIEDRICH, |
| --- | --- |

(2)

A member's seat on the Committee of the Regions has become vacant following the end of the term of office of Mr Peter FRIEDRICH,

HAS ADOPTED THIS DECISION:

Article 1

The following is hereby appointed as a member of the Committee of the Regions for the remainder of the current term of office, which runs until 25 January 2020:

| — | Herr Guido WOLF, Minister der Justiz und für Europa des Landes Baden-Württemberg. |
| --- | --- |

—

Herr Guido WOLF, Minister der Justiz und für Europa des Landes Baden-Württemberg.

Article 2

This Decision shall enter into force on the date of its adoption.

Done at Brussels, 20 September 2016.

For the Council

The President

I. KORČOK

---

(1)  Council Decision (EU) 2015/116 of 26 January 2015 appointing the members and alternate members of the Committee of the Regions for the period from 26 January 2015 to 25 January 2020 (OJ L 20, 27.1.2015, p. 42).

1

(2)  Council Decision (EU) 2015/190 of 5 February 2015 appointing the members and alternate members of the Committee of the Regions for the period from 26 January 2015 to 25 January 2020 (OJ L 31, 7.2.2015, p. 25).

2

(3)  Council Decision (EU) 2015/994 of 23 June 2015 appointing the members and alternate members of the Committee of the Regions for the period from 26 January 2015 to 25 January 2020 (OJ L 159, 25.6.2015, p. 70).

3

---

| 23.9.2016 | EN | Official Journal of the European Union | L 257/16 |
| --- | --- | --- | --- |

23.9.2016

EN

Official Journal of the European Union

L 257/16

---

COUNCIL DECISION (EU) 2016/1709

of 20 September 2016

appointing a member, proposed by the Portuguese Republic of the Committee of the Regions

THE COUNCIL OF THE EUROPEAN UNION,

Having regard to the Treaty on the Functioning of the European Union, and in particular Article 305 thereof,

Having regard to the proposal of the Portuguese Government,

Whereas:

| (1) | On 26 January 2015, 5 February 2015 and 23 June 2015, the Council adopted Decisions (EU) 2015/116 (1), (EU) 2015/190 (2) and (EU) 2015/994 (3) appointing the members and alternate members of the Committee of the Regions for the period from 26 January 2015 to 25 January 2020. |
| --- | --- |

(1)

On 26 January 2015, 5 February 2015 and 23 June 2015, the Council adopted Decisions (EU) 2015/116 (1), (EU) 2015/190 (2) and (EU) 2015/994 (3) appointing the members and alternate members of the Committee of the Regions for the period from 26 January 2015 to 25 January 2020.

| (2) | A member's seat on the Committee of the Regions has become vacant following the end of the term of office of Mr José Luís PEREIRA CARNEIRO, |
| --- | --- |

(2)

A member's seat on the Committee of the Regions has become vacant following the end of the term of office of Mr José Luís PEREIRA CARNEIRO,

HAS ADOPTED THIS DECISION:

Article 1

The following is hereby appointed as a member of the Committee of the Regions for the remainder of the current term of office, which runs until 25 January 2020:

| — | Mr Luís Miguel DA SILVA MENDONÇA ALVES, Presidente da Câmara de Caminha. |
| --- | --- |

—

Mr Luís Miguel DA SILVA MENDONÇA ALVES, Presidente da Câmara de Caminha.

Article 2

This Decision shall enter into force on the date of its adoption.

Done at Brussels, 20 September 2016.

For the Council

The President

I. KORČOK

---

(1)  Council Decision (EU) 2015/116 of 26 January 2015 appointing the members and alternate members of the Committee of the Regions for the period from 26 January 2015 to 25 January 2020 (OJ L 20, 27.1.2015, p. 42).

1

(2)  Council Decision (EU) 2015/190 of 5 February 2015 appointing the members and alternate members of the Committee of the Regions for the period from 26 January 2015 to 25 January 2020 (OJ L 31, 7.2.2015, p. 25).

2

(3)  Council Decision (EU) 2015/994 of 23 June 2015 appointing the members and alternate members of the Committee of the Regions for the period from 26 January 2015 to 25 January 2020 (OJ L 159, 25.6.2015, p. 70).

3

---