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Date: 19-Jul-2024 Category: Not Applicable State: Union Government Country: Europe

Council Decision (EU) 2024/2001 of 16 July 2024 amending Decision 1999/70/EC concerning the external auditors of the national central banks, as regards the external auditors of the Banque de France

Issued by Council of the European Union · Not Applicable

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Executive Summary & Key Takeaways

What it means

  • Council Decision (EU) 2024/2001 amends Decision 1999/70/EC regarding the external auditors of national central banks, specifically concerning the Banque de France.
  • The decision approves new external auditors for the Banque de France for the financial years 2024 to 2029.

Key Changes

  • Mazars S.A. and Deloitte & Associés S.A.S. are appointed as the external auditors of the Banque de France for the financial years 2024 to 2029, replacing Mazars and KPMG S.A., whose mandate ended after the 2023 audit.
  • Article 1 of Decision 1999/70/EC is amended, replacing paragraph 4 with the new auditor appointments.

Impact Analysis

Banque de France

  • Action Item: The Banque de France needs to coordinate with the newly appointed auditors to ensure a smooth transition and audit process.

European Central Bank (ECB)

  • Action Item: The ECB should update its records to reflect the new external auditors for the Banque de France.

Mazars and KPMG S.A.

  • Action Item: Mazars and KPMG S.A. need to complete the audit for the financial year 2023 and ensure a proper handover to the new auditors.

Mazars S.A. and Deloitte & Associés S.A.S.

  • Action Item: Mazars S.A. and Deloitte & Associés S.A.S. need to prepare to conduct the audit of the Banque de France starting from the financial year 2024.

Key Entities Referenced

Council of the European Union: The Council of the European Union is responsible for approving the external auditors of the national central banks. European Central Bank (ECB): The European Central Bank recommends the external auditors for the national central banks of the Member States whose currency is the euro. Banque de France: The national central bank of France, whose external auditors are being appointed by this decision. Mazars S.A.: One of the newly appointed external auditors of the Banque de France. Deloitte & Associés S.A.S.: One of the newly appointed external auditors of the Banque de France. Mazars and KPMG S.A.: The previous external auditors of the Banque de France whose mandate ended after the financial year 2023. Decision 1999/70/EC: Council Decision concerning the external auditors of the national central banks, which is being amended by this new decision. Protocol No 4 on the Statute of the European System of Central Banks and of the European Central Bank: Protocol annexed to the Treaty on European Union and to the Treaty on the Functioning of the European Union, specifically Article 27.1.
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See Full Document Text
Official Journal EN of the European Union L series 2024/2001 19.7.2024 COUNCIL DECISION (EU) 2024/2001 of 16 July 2024 amending Decision 1999/70/EC concerning the external auditors of the national central banks, as regards the external auditors of the Banque de France 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 to 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 4 June 2024 to the Council of the European Union on the external auditors of the Banque de France (ECB/2024/15) (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 the current external auditors of the Banque de France, Mazars and KPMG S.A., will end following the audit for the financial year 2023. It is therefore necessary to appoint external auditors from the financial year 2024 onwards. (3) The Banque de France has selected Mazars S.A. and Deloitte & Associés S.A.S. as its external auditors for the financial years 2024 to 2029. (4) The Governing Council of the ECB has recommended that Mazars S.A. and Deloitte & Associés S.A.S. be appointed as the external auditors of the Banque de France for the financial years 2024 to 2029. (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 4 is replaced by the following: ‘4. Mazars S.A. and Deloitte & Associés S.A.S. are hereby approved as the external auditors of the Banque de France for the financial years 2024 to 2029.’. 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 Brussels, 16 July 2024. For the Council The President VARGA M. (1) OJ C, C/2024/3693, 10.6.2024, ELI: http://data.europa.eu/eli/C/2024/3693/oj. (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). ELI: http://data.europa.eu/eli/dec/2024/2001/oj 1/1

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