Title I: Banking services providers

Caisse des Dépôts et Consignations is responsible for receiving deposits of any kind, in cash or in financial securities, provided for by law or regulation or ordered either by a court decision or by an administrative decision.

The procedures for depositing, holding and withdrawing securities are set by decree in the Conseil d’Etat.

Courts and administrative bodies may not authorise or order deposits to be made with natural persons or bodies other than the Caisse des Dépôts et Consignations and may not authorise debtors, custodians or garnishees to hold such deposits in escrow or otherwise. Consignments made in breach of these provisions are null and void.

The Director General of the Caisse des Dépôts et Consignations may issue, or have issued by the officers of the Caisse des Dépôts et Consignations, fines against any person who, having an obligation to pay sums into the Caisse des Dépôts et Consignations or its officers, is in default of fulfilling his obligations. For the enforcement of the said constraints, the same procedure is followed as for those issued in…

All costs and risks relating to the custody, safekeeping and movement of the deposited funds and financial securities are borne by the Caisse des Dépôts et Consignations. No custodian fees are payable in respect of consigned financial securities.

Amounts received by way of arrears, interest, dividends, redemption or negotiation proceeds and any other proceeds whatsoever from consigned financial securities do not entitle the Caisse des Dépôts et Consignations to any settlement or payment of interest, regardless of the date on which they were received.