ddrg/super_eurlex huggingface dataset:
EN Official Journal of the European Union C 218/3

OPINION OF THE GOVERNING COUNCIL OF THE EUROPEAN CENTRAL BANK

of 18 July 2012

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

(CON/2012/56)

2012/C 218/04

Introduction and legal basis

On 16 July 2012, the European Central Bank (ECB) received a request from the President of the European Council for an opinion on a Council Recommendation of 10 July 2012 (1) on the appointment of a member of the Executive Board of the European Central Bank.

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 appointing Yves MERSCH as a member of the ECB’s Executive Board for a term of office of eight years.

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 Yves MERSCH as a member of the ECB’s Executive Board.

Done at Frankfurt am Main, 18 July 2012. The President of the ECB Mario DRAGHI

(1) Not yet published in the Official Journal.
EN ECB-P UBLIC  
 
 
OPINION OF THE EUROPEAN CENTRAL BANK 
of 10 February 2012 
on the minimum reserves regime 
(CON/2012/7) 
Introduction and legal basis  
On 13 January 2012, the European Central Bank (ECB) received a request from Banca Na ţională a 
României (BNR) for an opinion on a draft BNR regu lation on the minimum reserves regime (hereinafter 
the ‘draft 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 and on Article 2(2) 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 draft regulation relates to instruments of monetary policy. 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. 
 Purpose of the draft regulation The draft regulation repeals the requirement under the minimum reserve regime
2 to only take into account 
the initially set maturity and ignore its subsequent  extensions/renewals, when calculating the residual 
maturity of liability items incl uded in the reserve base.   
According to the Explanatory Memorandum to the dr aft regulation, current and prospective domestic 
macroeconomic and financ ial conditions require a less restri ctive minimum reserves regime.   
 The ECB has no comments on this draft regulation.  
 This opinion will be published on the ECB’s website.   Done at Frankfurt am Main, 10 February 2012. 
[signed] 
The President of the ECB 
Mario DRAGHI 
                                                 
1  OJ L 189, 3.7.1998, p. 42.  
2  BNR Regulation No 6/2002 on the minimu m reserve regime (Monitorul Oficial al României, Part One, No 566,  
1.8.2002).
EN Official Journal of the European Union C 204/1

OPINION OF THE EUROPEAN CENTRAL BANK

of 5 July 2013

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

(CON/2013/48)

2013/C 204/01

Introduction and legal basis

On 18 June 2013, 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 Latvia (1). On 3 July 2013, 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 Latvia (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 Latvia following the abrogation of Latvia’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, 5 July 2013. The President of the ECB Mario DRAGHI

(1) COM(2013) 337 final.

(2) COM(2013) 492 final.
RECOMMENDATION OF THE EUROPEAN CENTRAL BANK for a Council Regulation (EC) concerning the limits and conditions for capital increases of the European Central Bank (ECB/1998/11) (98/C 411/07)

(Submitted by the European Central Bank on 3 November 1998)

THE COUNCIL OF THE EUROPEAN UNION,

Having regard to the Statute of the European System of Central Banks and of the European Central Bank (hereinafter referred to as the 'Statute`) and in particular to Article 28.1 thereof,

Having regard to the recommendation made by the European Central Bank (ECB),

Having regard to the opinion of the European Parliament,

Having regard to the opinion of the Commission of the European Communities,

Acting in accordance with the procedure foreseen in Article 106(6) of the Treaty establishing the European Community (hereinafter referred to as the 'Treaty`) and in Article 42 of the Statute,

Whereas Articles 28.1 and 28.2 of the Statute require that the ECB be provided by the national central banks with capital of 5 000 million euro, which shall become operational upon the establishment of the ECB; whereas Article 28.1 of the Statute requires the Council to specify the limits and conditions under which increases in the capital of the ECB beyond the limit set in that Article may be effected by the ECB,

HAS ADOPTED THIS REGULATION:

Article 1

Increases in the capital of the ECB

The Governing Council of the ECB may increase the capital of the ECB beyond the amount specified in the first sentence of Article 28.1 of the Statute by an additional amount of up to 5 000 million euro.

Article 2

Final provision

This Regulation shall enter into force on 1 January 1999.

This Regulation shall be binding in its entirety and directly applicable in all Member States.
EN Official Journal of the European Communities 31.10.2000 L 278/39
CORRIGENDA
Corrigendum to Council Regulation (EC) No 1522/2000 of 10 July2000 imposing a definitive anti-dumping dutyon imports of synthetic staple fibres of polyester originating in Australia, Indonesia and Thailand and collecting
definitivelythe provisional dutyimposed
(Official Journal of the European Communities L 175 of 14 July 2000)
On page 26, in Article 1(2), in the table, in the column headed ‘Company’, against ‘Indonesia’:for:‘Graha Idma, 17
thfloor,
Jl. HR Rasuna Said Blok Z-1,’,
read:‘Graha Irama, 17thfloor,
Jl. H.R. Rasuna Said Blok Z-1,’.
Corrigendum to Recommendation ECB/2000/10 of the European Central Bank of 5 October 2000 on the
external auditors of the national central banks
(Official Journal of the European Communities L 259of 13 October 2000)
On page 65, in the second recital:for:‘… Council Decision 98/317/EC(
2) in accordance with Article 109j(4) of the Treaty…’,
read:‘… Council Decision 98/317/EC of 3 May 1998 in accordance with Article 109j(4) of the Treaty(2)…’.
EN Official Journal of the European Union C 202/1

RECOMMENDATION OF THE EUROPEAN CENTRAL BANK

of 30 July 2004

to the Council of the European Union on the external auditor of the Banca d'Italia

(ECB/2004/17)

(2004/C 202/01)

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 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 the Banca d'Italia has expired and will not be renewed. It is therefore necessary to appoint an external auditor from the financial year 2004.

(3) The Banca d'Italia has selected a new external auditor in accordance with its public procurement rules, and the ECB considers that it fulfils the necessary requirements.

(4) The mandate of the new external auditor will be for three years and may be renewed,

HAS ADOPTED THIS RECOMMENDATION:

PricewaterhouseCoopers SpA is recommended as the external auditor of the Banca d'Italia from the financial year 2004 for a renewable period of three years.
EN Official Journal of the European Union C 98/25

RECOMMENDATION OF THE EUROPEAN CENTRAL BANK

of 13 April 2006

to the Council of the European Union on the external auditors of the Banque de France

(ECB/2006/5)

(2006/C 98/08)

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) Pursuant to Article L.142-6 of the Monetary and Financial Code the General Council of the Banque de France appoints two statutory auditors entrusted with auditing the accounts of the Banque de France. Pursuant to Article L.823-1 of the Commercial Code, a deputy auditor is appointed to replace the incumbent auditors in the event of their refusal, unavailability, resignation or death.

(3) The mandates of the current external auditors of the Banque de France will end after the audit for the financial year 2005. It is therefore necessary to appoint external auditors from the financial year 2006.

(4) The Banque de France has selected Deloitte & Associés and Mazars & Guerard as its external auditors and KPMG S.A. as its deputy auditor for the financial years 2006 to 2011 in accordance with its public procurement rules, and the ECB considers that they fulfil the necessary requirements for appointment,

HAS ADOPTED THIS RECOMMENDATION:

1. It is recommended that Deloitte & Associés and Mazars & Guerard should be appointed jointly as the external auditors of the Banque de France for the financial years 2006 to 2011.

2. It is recommended that KPMG S.A. should be appointed as the deputy auditor of the Banque de France for the financial years 2006 to 2011.
EN Official Journal of the European Union C 308/1

RECOMMENDATION OF THE EUROPEAN CENTRAL BANK

of 14 December 2009

to the Council of the European Union on the external auditors of the Central Bank and Financial Services Authority of Ireland

(ECB/2009/26)

2009/C 308/01

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 Central Bank and Financial Services Authority of Ireland’s current external auditors ended after the audit for the financial year 2008. It is therefore necessary to appoint external auditors from the financial year 2009.

(3) The Central Bank and Financial Services Authority of Ireland has selected Deloitte & Touche as its external auditors for the financial years 2009 to 2011,

HAS ADOPTED THIS RECOMMENDATION:

It is recommended that Deloitte & Touche should be appointed as the external auditors of the Central Bank and Financial Services Authority of Ireland for the financial years 2009 to 2011.
EN Official Journal of the European Union C 258/1

RECOMMENDATION OF THE EUROPEAN CENTRAL BANK

of 25 August 2011

to the Council of the European Union on the external auditors of the Banco de Portugal

(ECB/2011/11)

2011/C 258/01

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 Banco de Portugal’s current external auditors ended after the audit for the financial year 2010. It is therefore necessary to appoint external auditors from the financial year 2011.

(3) The Banco de Portugal has selected PricewaterhouseCoopers & Associados — Sociedade de Revisores Oficiais de Contas, Lda. as its external auditors for the financial years 2011 to 2016,

HAS ADOPTED THIS RECOMMENDATION:

It is recommended that PricewaterhouseCoopers & Associados — Sociedade de Revisores Oficiais de Contas, Lda. should be appointed as the external auditors of the Banco de Portugal for the financial years 2011 to 2016.
EN Official Journal of the European Union C 342/1

RECOMMENDATION OF THE EUROPEAN CENTRAL BANK

of 15 November 2013

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

(ECB/2013/42)

2013/C 342/01

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) Pursuant to Article 1 of Council Decision 2013/387/EU (1), Latvia fulfils the necessary conditions for the adoption of the euro and the derogation in favour of Latvia referred to in Article 4 of the 2003 Act of Accession (2) is abrogated with effect from 1 January 2014.

(3) Pursuant to Article 43 of the Law on Latvijas Banka, from 1 January 2014 the annual financial statements of Latvijas Banka shall be audited by independent external auditors recommended by the ECB’s Governing Council and approved by the Council.

(4) The external auditors recommended herein are Latvijas Banka's current auditors, who were appointed for the financial years 2012 to 2014,

HAS ADOPTED THIS RECOMMENDATION:

It is recommended that SIA Ernst & Young Baltic should be appointed as the external auditors of Latvijas Banka for the financial year 2014.

Done at Frankfurt am Main, 15 November 2013. The President of the ECB Mario DRAGHI

(1) Council Decision 2013/387/EU of 9 July 2013 on the adoption by Latvia of the euro on 1 January 2014 (OJ L 195, 18.7.2013, p. 24).

(2) OJ L 236, 23.9.2003, p. 33.
EN Official Journal of the European Union C 122/1

RECOMMENDATION OF THE EUROPEAN CENTRAL BANK

of 17 April 2014

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

(ECB/2014/20)

(2014/C 122/01)

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 Central Bank of Malta’s current external auditors ended following the audit for the financial year 2013. It is therefore necessary to appoint external auditors from the financial year 2014.

(3) The Central Bank of Malta has selected PricewaterhouseCoopers as its external auditors for the financial years 2014 to 2018,

HAS ADOPTED THIS RECOMMENDATION:

It is recommended that PricewaterhouseCoopers should be appointed as the external auditors of the Central Bank of Malta for the financial years 2014 to 2018.
EN Official Journal of the European Union C 37/1

RECOMMENDATION OF THE EUROPEAN CENTRAL BANK

of 26 January 2018

to the Council of the European Union on the external auditors of the Oesterreichische Nationalbank

(ECB/2018/1)

(2018/C 37/01)

THE GOVERNING COUNCIL OF THE EUROPEAN CENTRAL BANK,

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

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) Article 37(1) of the Austrian Federal Act on the Oesterreichische Nationalbank provides that the General Meeting of the Oesterreichische Nationalbank elects one external auditor and one alternate external auditor for a multi-year period of, at most, five years. The alternate external auditor will be mandated only in the event that the external auditor is unable to perform the audit.

(3) The mandate of both the current external auditor and the current alternate external auditor of the Oesterreichische Nationalbank ended following the audit for the financial year 2017. It is therefore necessary to appoint external auditors from the financial year 2018.

(4) The Oesterreichische Nationalbank has selected Ernst & Young Wirtschaftsprüfungsgesellschaft m.b.H. as its external auditor and Deloitte Audit Wirtschaftsprüfungs GmbH as its alternate external auditor for the financial years 2018 to 2022,

HAS ADOPTED THIS RECOMMENDATION:

1. It is recommended that Ernst & Young Wirtschaftsprüfungsgesellschaft m.b.H. should be appointed as the external auditor of the Oesterreichische Nationalbank for the financial years 2018 to 2022.

2. It is recommended that Deloitte Audit Wirtschaftsprüfungs GmbH should be appointed as the alternate external auditor of the Oesterreichische Nationalbank for the financial years 2018 to 2022.
RECOMMENDATION OF THE EUROPEAN CENTRAL BANK

of 27 July 2022

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

(ECB/2022/27)

(2022/C 297/01)

THE GOVERNING COUNCIL OF THE EUROPEAN CENTRAL BANK,

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

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 the 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) In 2018, De Nederlandsche Bank selected KPMG Accountants N.V. as its external auditors for the financial years 2019 to 2022, with the option to extend the mandate to the financial year 2025 (1).

(3) The mandate of De Nederlandsche Bank’s current external auditors, KPMG Accountants N.V., will end after the audit for the financial year 2022. It is therefore necessary to appoint external auditors from the financial year 2023.

(4) De Nederlandsche Bank intends to extend the mandate of KPMG Accountants N.V. to the financial year 2025. This extension is possible in accordance with the contractual arrangements between De Nederlandsche Bank and KPMG Accountants N.V.,

HAS ADOPTED THIS RECOMMENDATION:

It is recommended that KPMG Accountants N.V. should be appointed as the external auditors of De Nederlandsche Bank for the financial years 2023 to 2025.

Done at Frankfurt am Main, 27 July 2022. The President of the ECB Christine LAGARDE

(1) Recommendation ECB/2018/25 of the European Central Bank of 19 October 2018 to the Council of the European Union on the external auditors of De Nederlandsche Bank (OJ C 394, 30.10.2018, p. 1).
Opinion of the European Economic and Social Committee on the "Proposal for a Council Directive amending Directive 77/388/EEC to extend the facility allowing Member States to apply reduced rates of VAT to certain labour-intensive services"

(COM(2002) 525 final - 2002/0230 (CNS))

(2003/C 61/32)

On 7 October 2002 the Council decided to consult the European Economic and Social Committee, under Article 93 of the Treaty establishing the European Community, on the above-mentioned proposal.

Owing to the urgent nature of the opinion, the European Economic and Social Committee decided, at its 394th Plenary Session of 24 October 2002, to appoint Mr Ladrille rapporteur-general, and adopted the following opinion by 68 votes to two with no abstentions.

1. The Committee agrees with the Commission's proposal to extend by one year the period of validity of the authorisation granted to those Member States which have introduced the measure, to apply reduced VAT rates to certain labour-intensive services.

2. The Committee restates the view, expressed in its opinion of 26 May 1999(1), that the measure introduced by Directive 1999/85/EC(2), amending the 6th VAT Directive 77/388/EEC(3), provides a means of creating jobs and, at the same time, of more effectively combating the black economy.

3. The Committee calls upon the Member States to draw up assessment reports on the measure in good time, so that the European Parliament and Council can take a final decision on the VAT rate applicable to labour-intensive services.

Brussels, 24 October 2002.

The President

of the European Economic and Social Committee

Roger Briesch

(1) OJ C 209, 22.7.1999, p. 20.

(2) OJ L 277, 28.10.1999, p. 34.

(3) OJ L 145, 13.6.1977, p. 1.