To be authorised to open people’s savings passbook accounts, institutions authorised to receive deposits from the public must enter into an authorisation agreement with the Caisse des dépôts et consignations, acting both in its own name and on behalf of the State, in accordance with the standard agreements approved by the Minister for the Economy.
The authorisation agreements include an undertaking by these institutions and organisations to comply with the rules laid down in this sub-section. In particular, they specify the organisation of financial and accounting relations between Caisse des Dépôts et Consignations and the authorised institutions, as well as the provisions designed to facilitate the monitoring of transactions and the provision of information to depositors.
The terms and conditions of remuneration for these establishments and bodies are set by order of the Minister for the Economy.
The opening of a People’s Savings Plan is the subject of a written contract between the subscriber and one of the organisations mentioned in article L. 221-18 that has signed an authorisation agreement with the State. This agreement is drawn up and signed, on behalf of the State, by the competent administrative authority.
This standard agreement specifies the obligations of the organisations in terms of information to subscribers, the declarations to be made to the administration for statistical purposes, management and control of the savings premium and the terms and conditions for payment of this premium. A people’s savings plan may have only one holder. Sums paid into a people’s savings plan may be allocated to a cash deposit account or to a…
The competent administrative authority referred to in article R. 221-65 is the Minister for the Economy.
Payments are limited to €92,000 per plan.
The popular savings plan is opened on the date of the first payment into the account or under the insurance contract.
I. – The operations authorised within the framework of the People’s Savings Plan under the Insurance Code are life insurance operations which come under classes of activity 20, 22, 23 and 26 of article R. 321-1 of this code and which include a surrender value or reduction and a guarantee in the event of life. II. – The operations authorised within the framework of the People’s Savings Plan under the…
The payments made under an insurance contract which are taken into account to assess compliance with the maximum payment limit provided for in article R. 221-68 are made up of the fraction of premiums representing the savings transaction defined by decree no. 84-269 of 11 April 1984 relating to the methods for calculating the fraction of life insurance contract premiums representing the savings transaction.
Our French business lawyers are here to help.
We offer a FREE evaluation of your case.
Call us at +33 (0) 1 84 88 31 00 or send us an email.
is a Registered Trademark of
PETROFF LAW FIRM (SELARL LEGASTRAT)
182, rue de Rivoli
75001, Paris France
RCS Paris n°814433470
Paris Bar Registration n° (Toque) C2396
is a Registered Trademark of
PETROFF LAW FIRM (SELARL LEGASTRAT)
182, rue de Rivoli
75001, Paris France
RCS Paris n°814433470
Paris Bar Registration n° (Toque) C2396
Resources
is a Registered Trademark of
PETROFF LAW FIRM (SELARL LEGASTRAT)
182, rue de Rivoli
75001, Paris France
RCS Paris n°814433470
Paris Bar Registration n° (Toque) C2396
Useful links
Our French business lawyers are here to help.
We offer a FREE evaluation of your case.
Call +33 (0) 1 84 88 31 00 or send us an email.
All information exchanged through this website will be communicated to lawyers registered with a French Bar and will remain confidential.
