Title II: Savings products

To be authorised to open youth passbooks, the establishments and organisations mentioned in article R. 221-76 must first sign an authorisation agreement with the State setting out their commitments. The competent administrative authority signs this agreement on behalf of the State. This agreement specifies, in particular, the procedures for setting up an information system to identify depositors. It also specifies the procedures for allocating the funds deposited in compliance with…

The competent administrative authority referred to in article R. 221-98 is the Minister for the Economy.

The Minister for the Economy sets, by decree, the percentage of funds collected under the Livret Jeune that depository institutions and organisations are required to centralise with Caisse des Dépôts et Consignations. The same decree sets the terms and conditions of the remuneration that Caisse des Dépôts et Consignations pays to the institutions and bodies concerned, depending on the conditions under which the funds are managed by Caisse des Dépôts…

In the event that the institution or collecting body fails to comply with the legislative and regulatory provisions applicable to youth passbooks or with the commitments made in the agreement provided for in article R. 221-98, the competent administrative authority may, after giving the institution or body concerned the opportunity to present its observations, withdraw all or part of its authorisation.

The competent administrative authority referred to in article R. 221-101 is the Minister for the Economy.