I. – In the collectivities covered by Article 73 of the Constitution and in the overseas collectivities of Saint-Barthélemy, Saint-Martin and Saint-Pierre-et-Miquelon, each observatory includes, in addition to its chairman, the deputies and senators elected in the collectivity concerned, representatives of the relevant territorial collectivities, the State, consumer associations, employers’ and employees’ unions, the regional economic and social council, consular chambers, the institute mentioned in the section 2 of Chapter II of Title II of Book VII of the Monetary and Financial Code and individuals qualified by virtue of their expertise or knowledge of price formation, margins and incomes. The procedures for appointing the members of each observatory are set by decree.
In Wallis and Futuna, the observatory includes, in addition to its chairman, members of parliament elected in the Wallis and Futuna Islands, local elected representatives, representatives of the State, the chiefdom, consumer associations, consular chambers, employers’ and employees’ unions, the establishment referred to in Article L. 721-18 of the Monetary and Financial Code and individuals qualified by virtue of their expertise or knowledge of price formation, margins and revenues. The procedures for appointing the members of the observatory are set by decree.
II. – The members of each observatory are bound by an obligation of discretion with regard to information of a confidential nature of which they become aware in the course of their duties.
III. – The members of each observatory shall perform their duties free of charge.