Any breach of the rules set out in Articles L. 221-13 to L. 221-17, Articles R. 221-33 to R. 221-35, R. 221-37 to R. 221-39, R. 221-42, R. 221-45, D. 221-46, R. 221-47 and R. 221-54 committed by the holder of a popular savings passbook account may result in the loss of interest, by decision of the competent administrative authority.
In the event of non-compliance with the undertakings given pursuant to article R. 221-61, the competent administrative authority may, after giving the establishment or body concerned the opportunity to present its observations, withdraw all or part of the authorisation.
The competent administrative authority referred to in articles R. 221-55 and R. 221-56 is the Minister for the Economy.
Caisse des Dépôts et Consignations centralises fifty percent of the total deposits collected for the popular savings passbook account in the savings fund provided for in article L. 221-7.
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.
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is a Registered Trademark of
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75001, Paris France
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Paris Bar Registration n° (Toque) C2396
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