2007/97/EC: Council Decision of 12 February 2007 amending Decision 1999/70/EC concerning the external auditors of the national central banks, as regards the external auditors of the Banco de España
Date: 2007-02-12
Institutions: Council of the European Union
Subjects: Spain, accountant, appointment of staff, auditing, central bank

L 42/24

EN

Official Journal of the European Union

14.2.2007

COUNCIL DECISION

of 12 February 2007

amending Decision 1999/70/EC concerning the external auditors of the national central banks, as
regards the external auditors of the Banco de España

(2007/97/EC)

THE COUNCIL OF THE EUROPEAN UNION,

Having regard to the Protocol on the Statute of the European
System of Central Banks and of the European Central Bank
annexed to the Treaty establishing the European Community,
and in particular to Article 27(1) thereof,

Having regard to Recommendation ECB/2006/18 of
the
European Central Bank of 13 November 2006 to the Council
of the European Union on the external auditors of the Banco de
España (1),

(5)

(6)

The ECB considers that the external auditor selected by
the Banco de España fulfil the necessary requirements for
appointment and the Governing Council of
the ECB
therefore recommends that Deloitte, S.L. be appointed
for the financial years 2006 to 2008 and its mandate
be renewable thereafter on a yearly basis until the end of
the financial year 2012.

It is appropriate to follow the recommendation of the
Governing Council of the ECB and to amend Decision
1999/70/EC (3) accordingly,

Whereas:

(1)

(2)

(3)

(4)

The accounts of the European Central Bank (ECB) and of
the national central banks are to be audited by inde-
pendent
the
Governing Council of
the ECB and approved by the
Council.

recommended

auditors

external

by

Pursuant to Article 4(2) of Law 13/1994 on autonomy
of the Banco de España and to Articles 29(3) and 31 of
its Rules of Procedure, the accounts of the Banco de
España are audited by independent external auditors as
provided for in Article 27 of the Protocol on the Statute
of the European System of Central Banks and of the
European Central Bank, and under the terms of Law
19/1988 on the auditing of accounts (2) regarding the
eligibility, mandate and rotation of the auditors.

the current external auditors of

the
The mandate of
Banco de España will expire after the audit
for the
financial year 2005. It is therefore necessary to appoint
external auditors from the beginning of the financial year
2006.

The Banco de España has selected Deloitte, S.L. as its
external auditor for the financial years 2006 to 2008.
Its mandate is renewable thereafter on a yearly basis until
the end of the financial year 2012.

HAS DECIDED AS FOLLOWS:

Article 1

Article 1(3) of Decision 1999/70/EC shall be replaced by the
following:

‘3.
Deloitte, S.L. is hereby approved as the external auditor
of the Banco de España for the financial years 2006 to 2008.

This mandate may be renewed thereafter on a yearly basis
until the end of the financial year 2012.’

Article 2

This Decision shall be notified to the European Central Bank.

Article 3

This Decision shall be published in the Official Journal of the
European Union.

Done at Brussels, 12 February 2007.

For the Council
The President

F.-W. STEINMEIER

(1) OJ C 283, 21.11.2006, p. 16.
(2) Law as amended by Law 44/2002 on financial system reform

measures.

(3) OJ L 22, 29.1.1999, p. 69. Decision as last amended by Decision

2006/852/EC (OJ L 331, 29.11.2006, p. 19).