Section 2: Funds repayable from the public

Funds that a person collects from a third party, in particular in the form of deposits, with the right to dispose of them on their own account but with the obligation to return them, are deemed to be funds repayable by the public. A decree of the Conseil d’Etat specifies the conditions and limits under which issues of debt securities may be treated as collections of repayable funds from the…