9.2.2011 Official Journal of the European Union L 35/1 (Non-legislative acts) DECISIONS DECISION OF THE EUROPEAN CENTRAL BANK of 11 November 2010 on the annual accounts of the European Central Bank (recast) (ECB/2010/21) (2011/65/EV) 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 ‘Statute of the ESCB’), and in particular Article 26.2 thereof, Whereas: (1) Decision ECB/2006/17 of 10 November 2006 on the annual accounts of the European Central Bank (!) has been substantially amended several times. Since further amendments are to be made, in particular with regard to the hedging of interest rate risk, it should be recast in the interests of clarity. (2)  Guideline ECB/2006/16 of 10 November 2006 on the legal framework for accounting and financial reporting in the European System of Central Banks (?) to which Decision ECB[2006/17 refers has been recast and repealed by Guideline ECB/2010/20 of 11 November 2010 on the legal framework for accounting and financial reporting in the European System of Central Banks (3), HAS ADOPTED THIS DECISION: CHAPTER I GENERAL PROVISIONS Article 1 Definitions 1. The terms defined in Article 1 of Guideline ECB/2010/20 shall have the same meaning when used in this Decision. () OJ L 348, 11.12.2006, p. 38. () OJ L 348, 11.12.2006, p. 1. (}) See page 31 of this official Journal. 2. Other technical terms used in this Decision shall have the same meaning as in Annex II to Guideline ECB/2010/20. Atrticle 2 Scope of application The rules set out in this Decision shall apply to the annual accounts of the European Central Bank (ECB) comprising the balance sheet, items recorded in the books of the ECB off- balance-sheet, the profit and loss account and the notes to the annual accounts of the ECB. Atticle 3 Basic accounting assumptions The basic accounting assumptions defined in Article 3 of Guideline ECB/2010/20 shall also apply for the purposes of this Decision. Article 4 Recognition of assets and liabilities A financial or other asset/liability shall only be recognised in the balance sheet of the ECB in accordance with Article 4 of Guideline ECB/2010/20. Article 5 Economic and cash/settlement approaches The rules set out in Article 5 of Guideline ECB/2010/20 shall apply to this Decision.