Date: 2018-10-12Category: Not ApplicableState: Union GovernmentCountry: Europe
Council Decision (EU) 2018/1518 of 9 October 2018 amending Decision 1999/70/EC concerning the external auditors of the national central banks, as regards the external auditors of Banco de España
**Policy Summary:**
Council Decision (EU) 2018/1518, issued on October 9, 2018, amends Council Decision 1999/70/EC regarding the external auditors of national central banks, specifically concerning Banco de España. This decision approves the temporary association of undertakings Mazars Auditores, S.L.P. / Mazars, S.A. as the external auditors for Banco de España for the financial years 2018 to 2020, with an option to extend the mandate to the financial years 2021 and 2022. The decision follows a recommendation from the European Central Bank's (ECB) Governing Council. The decision is addressed to the ECB and took effect upon notification. The legal basis for this decision is Article 27.1 of 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.
Key Entities Referenced
European Union: A political and economic union of member states located primarily in Europe.
Council of the European Union: A body of the European Union that, along with the European Parliament, adopts European legislation.
European Central Bank: The central bank of the Eurozone, responsible for the monetary policy of the euro area.
Banco de Espaa: The national central bank of Spain.
Mazars Auditores, S.L.P. Mazars, S.A.: A temporary association of undertakings appointed as external auditors.
Treaty on European Union: One of the primary treaties forming the constitutional basis of the European Union.
Treaty on the Functioning of the European Union: One of the primary treaties forming the constitutional basis of the European Union.
Luxembourg: The city in which the decision was made; also refers to the country of Luxembourg.
12.10.2018 EN Official Journal of the European Union L 256/63
DECISIONS
COUNCIL DECISION (EU) 2018/1518
of 9 October 2018
amending Decision 1999/70/EC concerning the external auditors of the national central banks, as
regards the external auditors of Banco de España
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 6 September 2018 to the Council of the
European Union on the external auditors of Banco de España (ECB/2018/22) (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 of the European Union.
(2) The mandate of Banco de España's current external auditors expired following the audit for the financial
year 2017. It is therefore necessary to appoint external auditors from the financial year 2018.
(3) Banco de España has selected the temporary association of undertakings Mazars Auditores, S.L.P. - Mazars, S.A. as
its external auditors for the financial years 2018 to 2020, with the option to extend the mandate to the financial
years 2021 and 2022.
(4) The Governing Council of the ECB has recommended that the temporary association of undertakings
Mazars Auditores, S.L.P. - Mazars, S.A. be appointed as the external auditors of Banco de España for the financial
years 2018 to 2020, with the option to extend the mandate to the financial years 2021 and 2022.
(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 3 is replaced by the following:
‘3. Temporary association of undertakings Mazars Auditores, S.L.P. - Mazars, S.A. are hereby approved as the
external auditors of Banco de España for the financial years 2018 to 2020.’.
Article 2
This Decision shall take effect on the date of its notification.
(1) OJ C 325, 14.9.2018, p. 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).L 256/64 EN Official Journal of the European Union 12.10.2018
Article 3
This Decision is addressed to the ECB.
Done at Luxembourg, 9 October 2018.
For the Council
The President
E. KÖSTINGER