Date: 2022-09-23Category: Not ApplicableState: Union GovernmentCountry: Europe
Council Decision (EU) 2022/1640 of 20 September 2022 amending Decision 1999/70/EC concerning the external auditors of the national central banks, as regards the external auditors of De Nederlandsche Bank
**Summary:**
Council Decision (EU) 2022/1640, dated September 20, 2022, amends Decision 1999/70/EC regarding the external auditors of national central banks, specifically concerning De Nederlandsche Bank (DNB). The decision approves the reappointment of KPMG Accountants N.V. as the external auditors of DNB for the financial years 2023 to 2025. This decision follows a recommendation from the European Central Bank (ECB) based on DNB's intention to extend KPMG's mandate, which was initially set for 2019-2022 with an option for extension. 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. The decision takes effect upon notification and is addressed to the European Central Bank.
Key Entities Referenced
European Union: A political and economic union of member states located primarily in Europe.
Council of the European Union: A body composed of government ministers from each EU member state.
European Central Bank: The central bank of the Eurozone.
De Nederlandsche Bank: The central bank of the Netherlands.
KPMG Accountants N.V.: The external auditors of De Nederlandsche Bank.
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.
Brussels: The de facto capital city of the European Union, located in Belgium.
L 247/72 EN Official Journal of the European Union 23.9.2022
COUNCIL DECISION (EU) 2022/1640
of 20 September 2022
amending Decision 1999/70/EC concerning the external auditors of the national central banks, as
regards the external auditors of De Nederlandsche Bank
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 27 July 2022 to the Council of the European
Union on the external auditors of De Nederlandsche Bank (ECB/2022/27)(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) 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(2).
(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.
(5) The Governing Council of the ECB recommended that KPMG Accountants N.V be appointed as the external auditors
of De Nederlandsche Bank for the financial years 2023 to 2025.
(6) Following the recommendation of the Governing Council of the ECB, Council Decision 1999/70/EC(3)should be
amended accordingly,
HAS ADOPTED THIS DECISION:
Article 1
In Article 1 of Decision 1999/70/EC, paragraph 8 is replaced by the following:
‘8. KPMG Accountants N.V. are hereby approved as the external auditors of De Nederlandsche Bank for the financial
years 2023 to 2025.’.
Article 2
This Decision shall take effect on the date of its notification.
(1) OJ C 297, 4.8.2022, p. 1.
(2) Recommendation of the European Central Bank of 19 October 2018 to the Council of the European Union on the external auditors of
De Nederlandsche Bank (ECB/2018/25) (OJ C 394, 30.10.2018, p. 1).
(3) 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).23.9.2022 EN Official Journal of the European Union L 247/73
Article 3
This Decision is addressed to the European Central Bank.
Done at Brussels, 20 September 2022.
For the Council
The President
M. BEK