Date: 2023-04-27Category: Not ApplicableState: Union GovernmentCountry: Europe
Council Decision (EU) 2023/862 of 25 April 2023 amending Decision 1999/70/EC concerning the external auditors of the national central banks, as regards the external auditors of Hrvatska narodna banka
**Summary:**
Council Decision (EU) 2023/862, dated April 25, 2023, amends Decision 1999/70/EC regarding the external auditors of national central banks. This amendment specifically addresses the external auditors of Hrvatska narodna banka (the Croatian National Bank). The decision approves KPMG Croatia d.o.o. as the external auditors for Hrvatska narodna banka for the financial years 2023 and 2024. This decision follows a recommendation from the European Central Bank's (ECB) Governing Council, as Hrvatska narodna banka is now subject to Article 27.1 of the Statute of the European System of Central Banks and of the European Central Bank since January 1, 2023. The decision took effect upon notification and is addressed to the European Central Bank. The legal basis for this decision is 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, specifically Article 27.1.
Key Entities Referenced
European Union: A political and economic union of member states located primarily in Europe.
Hrvatska narodna banka: The central bank of the Republic of Croatia.
European Central Bank (ECB): The central bank of the Eurozone, responsible for monetary policy.
KPMG Croatia d.o.o.: The external auditor of Hrvatska narodna banka.
Council of the European Union: A body composed of government ministers from each EU member state.
Luxembourg: The city where the Council Decision was finalized.
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 two treaties that form the constitutional basis of the European Union (EU).
27.4.2023 EN Official Journal of the European Union L 112/41
DECISIONS
COUNCIL DECISION (EU) 2023/862
of 25 April 2023
amending Decision 1999/70/EC concerning the external auditors of the national central banks, as
regards the external auditors of Hrvatska narodna banka
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 7 March 2023 to the Council of the European
Union on the external auditors of Hrvatska narodna banka (ECB/2023/4)(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) Hrvatska narodna banka is subject to Article 27.1 of the Statute of the European System of Central banks and of the
European Central Bank since 1 January 2023.
(3) The mandate of Hrvatska narodna banka’s current external auditors, KPMG Croatia d.o.o., will end after the audit for
the financial year 2024.
(4) The Governing Council of the ECB therefore recommended that the Council approves the current auditors, KPMG
Croatia d.o.o., as the external auditors of Hrvatska narodna banka for the financial years 2023 and 2024.
(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
The following paragraph is added to Article 1 of Decision 1999/70/EC:
‘20. KPMG Croatia d.o.o. are hereby approved as the external auditors of Hrvatska narodna banka for the financial years
2023 and 2024.’.
(1) OJ C 93, 13.3.2023, 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 112/42 EN Official Journal of the European Union 27.4.2023
Article 2
This Decision shall take effect on the date of its notification.
Article 3
This Decision is addressed to the European Central Bank.
Done at Luxembourg, 25 April 2023.
For the Council
The President
P. KULLGREN