Section 4: Complementary local currency certificates

Complementary local currency securities may be issued and managed by one of the persons mentioned in Article 1 of Law 2014-856 of 31 July 2014 on the social and solidarity economy whose sole corporate purpose is this.

Issuers and managers of complementary local currency securities are subject to Title I of Book V when the issue or management of these securities falls within the scope of the payment banking services mentioned in Article L. 311-1, or to Title II of the same book when they fall within the scope of payment services within the meaning of II of Article L. 314-1 or electronic money within the meaning…