ddrg/super_eurlex huggingface dataset:
EN Official Journal of the European Union C 160/1

OPINION OF THE EUROPEAN CENTRAL BANK

of 5 July 2007

at the request of the Council of the European Union on a proposal for a Council regulation amending Regulation (EC) No 974/98 as regards the introduction of the euro in Cyprus, on a proposal for a Council regulation amending Regulation (EC) No 974/98 as regards the introduction of the euro in Malta, on a proposal for a Council regulation amending Regulation (EC) No 2866/98 as regards the conversion rate to the euro for Cyprus and on a proposal for a Council regulation amending Regulation (EC) No 2866/98 as regards the conversion rate to the euro for Malta

(CON/2007/19)

(2007/C 160/01)

Introduction and legal basis

On 25 May 2007, the European Central Bank (ECB) received requests from the Council of the European Union for an opinion on a proposal for a Council regulation amending Regulation (EC) No 974/98 as regards the introduction of the euro in Cyprus (1), and for an opinion on a proposal for a Council regulation amending Regulation No 974/98 as regards the introduction of the euro in Malta (2). On 4 July 2007, the ECB received requests from the Council of the European Union for an opinion on a proposal for a Council regulation amending Regulation (EC) No 2866/98 as regards the conversion rate to the euro for Cyprus (3), and for an opinion on a proposal for a Council regulation amending Regulation (EC) No 2866/98 as regards the conversion rate to the euro for Malta (4). (Hereinafter the ‘proposed regulations’).

The ECB's competence to deliver an opinion is based on Article 123(5) of the Treaty establishing the European Community. In accordance with the first sentence of Article 17.5 of the Rules of Procedure of the European Central Bank, the Governing Council has adopted this opinion.

1. Observations

1.1 The proposed regulations will enable the introduction of the euro as the currency of Cyprus and Malta, following the abrogation of Cyprus's and Malta's derogations in accordance with the procedure set out in Article 122(2) of the Treaty.

1.2 The ECB welcomes the proposed regulations.

Done at Frankfurt am Main, 5 July 2007. The President of the ECB Jean-Claude TRICHET

(1) COM(2007) 257 final.

(2) COM(2007) 260 final.

(3) SEC(2007) 836 final.

(4) SEC(2007) 837 final.
EN ECB-PUBLIC 
 
 
OPINION OF THE EUROPEAN CENTRAL BANK  
of 11 July 2012  
on the Central Bank of Cyprus Laws of 2002 to 2007  
(CON/20 12/51) 
 
Introduction and legal basis  
On 2 7 June 2012 the European Central Bank (ECB) received a request from the President of the  Cypriot 
House of Representatives for an opinion on a proposal for a law amending the Central Bank of Cyprus 
Laws 2002- 2007 (hereinafter the ‘ proposal for a law’).  
The ECB’s competence to deliver an opinion is based on Articles 127(4) and 282(5) of the Treaty on the 
Func tioning of the European Union and the third indent of Article  2(1) of Council Decision 98/415/EC of 
29 June 1998 on the consultation of the European Central Bank by national authorities regarding draft 
legislative provisions1, as the proposal for a  law rel ates to the Central Bank of Cyprus (CBC) . In 
accordance with the first sentence of Article 17.5 of the Rules of Procedure of the European Central 
Bank, the Governing Council has adopted this opinion. 
 
1. Purpose of the proposal for a  law 
The proposal for a  law amends Article 13 of the Central Bank of Cyprus Laws of 2002 to 20072 
(hereinafter the ‘basic law ’) on the appointment of the Governor and the m embers of the Board of the 
CBC. It provides  that the Ministerial Council must consult  the Budget and Economic Affairs 
Parliamentary Committee ( hereinafter the ‘Committee ’) prior to the appointment, removal or early 
termination of the term of office of any Board Member of the CBC.  
 2. Personal independence  
The ECB previously considered the nomination procedure for the  Board members of the CBC under the 
basic law to be compatible with the Treaty and the Statute of the European System of Central Banks and 
of the European Central Bank (hereinafter the ‘Statute of the ESCB’) and not to interfere with the 
personal independe nce requirements under Article 14.2 of the Statute of the ESCB
3. The ECB has no 
objections to the proposed involvement of the Committee in the appointment process of the CBC Board 
Members, as it would not impair  the personal independence guarantees in the Statute of the ESCB and the  
basic law , nor the mandate of the current CBC Board members . 
                                                 
1  OJ L 189, 3.7.1998, p.  42. 
2   Law 138(I) of 2002.  
3  ECB Convergence Report 2007, p. 74, paragraph 5.1.2, available on the ECB’s website  at www.ecb.europa.eu . 
ECB -PUBLIC 
2  
3. Smooth functioning of the decision -making bodies  
The proposed involvement of the Committee may mean that  a longer  time period is needed for  the 
nomination procedur e. In this regard, the ECB notes the need for the smooth and unimpeded functioning 
of the decision- making bodies of the CBC under the new nomination procedure.  
 
This opinion will be published on the ECB’s website.  
  
Done at Frankfurt am Main, 11 July 2012.  
 
[signed]  
 
The Vice -President of the ECB  
Vítor CONSTÂNCIO
EN Official Journal of the European Union C 244/1

OPINION OF THE EUROPEAN CENTRAL BANK

of 8 July 2014

on a proposal for a Council regulation amending Regulation (EC) No 974/98 as regards the introduction of the euro in Lithuania and on a proposal for a Council regulation amending Regulation (EC) No 2866/98 as regards the conversion rate to the euro for Lithuania

(CON/2014/50)

2014/C 244/01

Introduction and legal basis

On 16 June 2014, the European Central Bank (ECB) received a request from the Council of the European Union for an opinion on a proposal for a Council regulation amending Regulation (EC) No 974/98 as regards the introduction of the euro in Lithuania (1). On 4 July 2014, the ECB received a request from the Council of the European Union for an opinion on a proposal for a Council regulation amending Regulation (EC) No 2866/98 as regards the conversion rate to the euro for Lithuania (2).

The ECB’s competence to deliver an opinion is based on Article 140(3) of the Treaty on the Functioning of the European Union. In accordance with the first sentence of Article 17.5 of the Rules of Procedure of the European Central Bank, the Governing Council has adopted this opinion.

Observations

1. The proposed regulations will enable the introduction of the euro as the currency of Lithuania following the abrogation of Lithuania’s derogation in accordance with the procedure set out in Article 140(2) of the Treaty.

2. The ECB welcomes the proposed regulations.

Done at Frankfurt am Main, 8 July 2014. The President of the ECB Mario DRAGHI

(1) COM(2014) 325 final.

(2) COM(2014) 447 final.
EN Official Journal of the European Union C 209/3

OPINION OF THE EUROPEAN CENTRAL BANK

of 1 June 2015

on a proposal for a Commission regulation amending Regulation (EC) No 1708/2005 laying down detailed rules for the implementation of Council Regulation (EC) No 2494/95 as regards the common index reference period for the harmonised index of consumer prices

(CON/2015/18)

(2015/C 209/02)

Introduction and legal basis

On 28 April 2015, the European Central Bank (ECB) received a request from the European Commission for an opinion on a proposal for a Commission regulation amending Commission Regulation (EC) No 1708/2005 laying down detailed rules for the implementation of Council Regulation (EC) No 2494/95 as regards the common index reference period for the harmonised index of consumer prices, and amending Regulation (EC) No 2214/96 (1) (hereinafter the ‘proposed regulation’).

The ECB’s competence to deliver an opinion is based on Articles 127(4) and 282(5) of the Treaty on the Functioning of the European Union. The proposed regulation lies within the ECB’s fields of competence since it concerns the reference period for the harmonised index of consumer prices (HICP). This index is a key indicator for the ECB’s achieving its primary objective of maintaining price stability in the euro area, as referred to in Article 127(1) of the Treaty and the first sentence of Article 2 of the Statute of the European System of Central Banks and of the European Central Bank. In accordance with the first sentence of Article 17.5 of the Rules of Procedure of the European Central Bank, the Governing Council has adopted this opinion.

1. General Observations

1.1. The ECB supports the proposed regulation’s objective of updating the reference period for the HICP in order to ensure that the resulting indices are comparable and relevant. HICPs with well-defined reference periods are important indicators in the context of monetary policy. Sound monetary policy decisions depend on reliable and up-to-date HICP statistics, which support the Eurosystem’s tasks in the area of financial stability.

1.2. The ECB points out that the duty to consult is based not only on Article 5(3) of Regulation (EC) No 2494/95 (2), but also on the abovementioned provisions of the Treaty. The ECB reiterates its recent suggestion that Recital 2 of the proposed Regulation of the European Parliament and of the Council on harmonised indices of consumer prices and repealing Regulation (EC) No 2494/95 (3) should reflect the duty to consult the ECB on any legal acts within the HICP framework (4).

Done at Frankfurt am Main, 1 June 2015. The President of the ECB Mario DRAGHI

(1) Ares(2015)1788320 – 28/04/2015.

(2) Council Regulation (EC) No 2494/95 of 23 October 1995 concerning harmonized indices of consumer prices (OJ L 257, 27.10.1995, p. 1).

(3) COM/2014/0724 final - 2014/0346 (COD).

(4) See paragraph 2.3 of ECB Opinion CON/2015/10.
OPINION OF THE GOVERNING COUNCIL OF THE EUROPEAN CENTRAL BANK

of 25 July 2019

on a Council recommendation on the appointment of the President of the European Central Bank

(CON/2019/28)

(2019/C 258/02)

Introduction and legal basis

On 16 July 2019 the European Central Bank (ECB) received a request from the President of the European Council for an opinion on Council Recommendation of 9 July 2019 on the appointment of the President of the European Central Bank (1).

The competence of the ECB’s Governing Council to deliver an opinion is based on Article 283(2) of the Treaty on the Functioning of the European Union.

General observations

1. The Council’s recommendation, which was submitted to the European Council and on which the European Parliament and the ECB’s Governing Council are being consulted, recommends that Christine LAGARDE be appointed as President of the ECB for a term of office of eight years with effect from 1 November 2019.

2. The ECB’s Governing Council is of the opinion that the proposed candidate is a person of recognised standing and professional experience in monetary or banking matters as required by Article 283(2) of the Treaty.

3. The ECB’s Governing Council has no objection to the Council’s recommendation to appoint Christine LAGARDE as President of the ECB.

Done at Frankfurt am Main, 25 July 2019. The President of the ECB Mario DRAGHI

(1) OJ C 235, 12.7.2019, p. 1.
OPINION OF THE GOVERNING COUNCIL OF THE EUROPEAN CENTRAL BANK

of 28 October 2020

on a Council recommendation on the appointment of a member of the Executive Board of the European Central Bank

(CON/2020/26)

(2020/C 372/03)

Introduction and legal basis

On 14 October 2020 the European Central Bank (ECB) received a request from the President of the European Council for an opinion on Council Recommendation of 9 October 2020 on the appointment of a member of the Executive Board of the European Central Bank (1).

The competence of the ECB’s Governing Council to deliver an opinion is based on Article 283(2) of the Treaty on the Functioning of the European Union.

General observations

1. The Council’s recommendation, which was submitted to the European Council and on which the European Parliament and the ECB’s Governing Council are being consulted, recommends that Frank ELDERSON be appointed as a member of the ECB’s Executive Board for a term of office of eight years with effect from 15 December 2020.

2. The ECB’s Governing Council is of the opinion that the proposed candidate is a person of recognised standing and professional experience in monetary or banking matters as required by Article 283(2) of the Treaty.

3. The ECB’s Governing Council has no objection to the Council’s recommendation to appoint Frank Elderson as a member of the ECB’s Executive Board.

Done at Frankfurt am Main, 28 October 2020. The President of the ECB Christine LAGARDE

(1) OJ C 338, 12.10.2020, p. 2.
OPINION OF THE EUROPEAN CENTRAL BANK

of 4 July 2022

on the Proposal for a Council Regulation amending Regulation (EC) No 974/98 as regards the introduction of the euro in Croatia and on the Proposal for a Council Regulation amending Regulation (EC) No 2866/98 as regards the conversion rate to the euro for Croatia

(CON/2022/24)

(2022/C 271/03)

Introduction and legal basis

On 3 June 2022 the European Central Bank (ECB) received a request from the Council of the European Union for an opinion on the Proposal for a Council Regulation amending Regulation (EC) No 974/98 as regards the introduction of the euro in Croatia (1). On 1 July 2022 the ECB received a request from the Council of the European Union for an opinion on the Proposal for a Council Regulation amending Regulation (EC) No 2866/98 as regards the conversion rate to the euro for Croatia (2).

The ECB’s competence to deliver an opinion is based on Article 140(3) of the Treaty on the Functioning of the European Union. In accordance with the first sentence of Article 17.5 of the Rules of Procedure of the European Central Bank, the Governing Council has adopted this opinion.

Observations

1. The proposed regulations will enable the introduction of the euro as the currency of Croatia following the abrogation of Croatia’s derogation in accordance with the procedure set out in Article 140(2) of the Treaty.

2. The ECB welcomes the proposed regulations.

Done at Frankfurt am Main, 4 July 2022. The President of the ECB Christine LAGARDE

(1) COM(2022) 281 final.

(2) COM(2022) 319 final.
EN Official Journal of the European Union C 151/29

RECOMMENDATION OF THE EUROPEAN CENTRAL BANK

of 20 May 2005

to the Council of the European Union on the external auditor of De Nederlandsche Bank

(ECB/2005/9)

(2005/C 151/08)

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 27.1 thereof,

Whereas:

(1) The accounts of the European Central Bank (ECB) and of the national central banks of the Eurosystem are audited by independent external auditors recommended by the Governing Council of the ECB and approved by the Council of the European Union.

(2) The mandate of the current external auditor of De Nederlandsche Bank (hereinafter ‘DNB’) has expired and will not be renewed. It is therefore necessary to appoint an external auditor from the financial year 2005.

(3) DNB has selected Josephus Andreas Nijhuis, Registered Accountant and chairman of the board of PricewaterhouseCoopers BV, acting in his personal capacity, as its external auditor starting from the financial year 2005, and the ECB considers that the selected auditor fulfils the necessary requirements for appointment.

(4) The mandate of the external auditor will be for an indeterminate period, but should be confirmed each year,

HAS ADOPTED THIS RECOMMENDATION:

It is recommended that Josephus Andreas Nijhuis, Registered Accountant and chairman of the board of PricewaterhouseCoopers BV, acting in his personal capacity, should be appointed as the external auditor of DNB from the financial year 2005 for an indeterminate period, subject to his being reconfirmed each year.
EN Official Journal of the European Union C 304/1

RECOMMENDATION OF THE EUROPEAN CENTRAL BANK

of 29 November 2007

to the Council of the European Union on the external auditors of the Central Bank of Malta

(ECB/2007/17)

(2007/C 304/01)

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 (hereinafter the ‘ESCB Statute’), and in particular Article 27.1 thereof,

Whereas:

(1) The accounts of the European Central Bank (ECB) and of the national central banks of the Eurosystem are audited by independent external auditors recommended by the ECB's Governing Council and approved by the Council of the European Union.

(2) Pursuant to Article 1 of Council Decision 2007/504/EC of 10 July 2007 in accordance with Article 122(2) of the Treaty on the adoption by Malta of the single currency on 1 January 2008 (1), Malta now fulfils the necessary conditions for the adoption of the euro and the derogation in favour of Malta referred to in Article 4 of the 2003 Act of Accession is abrogated with effect from 1 January 2008.

(3) Pursuant to Article 20 of the amended Central Bank of Malta Act, which enters into force on 1 January 2008, the annual financial statements of the Central Bank of Malta are audited in accordance with Article 27 of the ESCB Statute.

(4) The Central Bank of Malta has selected PricewaterhouseCoopers and Ernst & Young as its joint independent external auditors for the financial year 2008,

HAS ADOPTED THIS RECOMMENDATION:

It is recommended that PricewaterhouseCoopers and Ernst & Young should be appointed as the joint external auditors of the Central Bank of Malta for the financial year 2008.

Done at Frankfurt am Main, 29 November 2007. The President of the ECB Jean-Claude TRICHET

(1) OJ L 186, 18.7.2007, p. 32.
EN Official Journal of the European Union C 132/1

RECOMMENDATION OF THE EUROPEAN CENTRAL BANK

of 5 June 2009

to the Council of the European Union on the external auditors of Banka Slovenije

(ECB/2009/12)

2009/C 132/01

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 27.1 thereof,

Whereas:

(1) The accounts of the European Central Bank (ECB) and national central banks are audited by independent external auditors recommended by the ECB’s Governing Council and approved by the Council of the European Union.

(2) The mandate of Banka Slovenije’s current external auditors will end after the audit for the financial year 2008. It is therefore necessary to appoint external auditors from the financial year 2009.

(3) Banka Slovenije has selected Deloitte revizija d.o.o. as its external auditors for the financial years 2009 to 2011,

HAS ADOPTED THIS RECOMMENDATION:

It is recommended that Deloitte revizija d.o.o. should be appointed as the external auditors of Banka Slovenije for the financial years 2009 to 2011.
EN Official Journal of the European Union C 67/1

RECOMMENDATION OF THE EUROPEAN CENTRAL BANK

of 25 February 2011

to the Council of the European Union on the external auditors of the Nationale Bank van België/Banque Nationale de Belgique

(ECB/2011/1)

2011/C 67/01

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 27.1 thereof,

Whereas:

(1) The accounts of the European Central Bank (ECB) and national central banks are audited by independent external auditors recommended by the ECB’s Governing Council and approved by the Council of the European Union.

(2) The mandate of the external auditors of the Nationale Bank van België/Banque Nationale de Belgique ended after the audit for the financial year 2010. It is therefore necessary to appoint external auditors from the financial year 2011.

(3) The Nationale Bank van België/Banque Nationale de Belgique has selected Ernst & Young Bedrijfsrevisoren/Réviseurs d’entreprises as its external auditors for the financial years 2011 to 2013, with the possibility of one single renewal for the financial years 2014 to 2016,

HAS ADOPTED THIS RECOMMENDATION:

It is recommended that Ernst & Young Bedrijfsrevisoren/Réviseurs d’entreprises should be appointed as the external auditors of the Nationale Bank van België/Banque Nationale de Belgique for the financial years 2011 to 2013, with the possibility of one renewal for the financial years 2014 to 2016.
EN Official Journal of the European Union C 126/1

RECOMMENDATION OF THE EUROPEAN CENTRAL BANK

of 26 April 2013

to the Council of the European Union on the external auditors of Suomen Pankki

(ECB/2013/12)

2013/C 126/01

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 27.1 thereof,

Whereas:

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

(2) The mandate of Suomen Pankki’s current external auditors ended following the audit for the financial year 2012. It is therefore necessary to appoint external auditors from the financial year 2013.

(3) Suomen Pankki has selected PricewaterhouseCoopers Oy as its external auditors for the financial years 2013 to 2019,

HAS ADOPTED THIS RECOMMENDATION:

It is recommended that PricewaterhouseCoopers Oy should be appointed as the external auditors of Suomen Pankki for the financial years 2013 to 2019.
EN Official Journal of the European Union C 366/1

RECOMMENDATION OF THE EUROPEAN CENTRAL BANK

of 23 September 2016

to the Council of the European Union on the external auditors of the Banca d’Italia

(ECB/2016/28)

(2016/C 366/01)

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 27.1 thereof,

Whereas:

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

(2) The mandate of the Banca d’Italia’s current external auditors, PriceWaterhouseCoopers SpA, ended following the audit for the financial year 2015. It is therefore necessary to appoint external auditors from the financial year 2016.

(3) The Banca d’Italia has selected BDO Italia SpA as its external auditors for the financial years 2016 to 2022,

HAS ADOPTED THIS RECOMMENDATION:

It is recommended that BDO Italia SpA should be appointed as the external auditors of the Banca d’Italia for the financial years 2016 to 2022.