Section 8: Provisions common to general savings products with special tax treatment

Notwithstanding any provisions to the contrary, any credit institution or institution listed in Article L. 518-1 is prohibited from opening or keeping open under irregular conditions accounts benefiting from public aid, notably in the form of tax exemption, in particular general savings products with a specific tax regime defined in this chapter, from paying remuneration on these accounts in excess of that set by the Minister responsible for the economy,…

Infringements of the provisions of Article L. 221-35 are recorded in the same way as for stamp duty: – by the competent public accountants ; – by agents of the financial authorities. Official reports are drawn up at the request of the Minister for the Economy.

With regard to credit institutions, breaches of the provisions of Article L. 221-35 may also be recorded in the manner provided for in Article L. 221-36 by Banque de France inspectors specially authorised for this purpose and by the Governor of the Banque de France.

An institution that receives a request to open a savings product covered by this chapter must check whether the person already holds this product before opening it. A new product may not be opened if the person already holds one. A decree of the Conseil d’Etat shall specify the procedures for this verification.