CELEX: 52007HB0017
Language: en
Date: 2007-11-29 00:00:00
Title: 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)

15.12.2007   
            
            
               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.