Book III: Continuing vocational training

The precautionary reserve mentioned in the third paragraph of Article L. 6333-6 is allocated to correct the financial imbalances of the fund mentioned in the first paragraph of the same article. If the Caisse des dépôts et consignations finds that commitments cannot be covered on a long-term basis, it will inform the Director General of France Compétences. The latter will propose to the Minister responsible for vocational training a recovery…

A statutory auditor certifies the annual accounts of the fund mentioned in the first paragraph of article L. 6333-6 and verifies its financial equilibrium each year, by assessing the provisions and the rate of coverage of commitments.

The fund referred to in the first paragraph of article L. 6333-6 is subject to the financial management and accounting rules applicable to industrial and commercial companies.

The State is represented in court both as plaintiff and defendant by the Director General of the Caisse des dépôts et consignations for all acts relating to the management of the fund mentioned in the first paragraph of article L. 6333-6. When the Caisse des dépôts et consignations observes fraud prejudicial to the fund mentioned in the first paragraph of Article L. 6333-6 or to the rights of holders of…

I.-The cash management procedures and the investment policy implemented by the Caisse des dépôts et consignations in its financial management of the personal training account are set out in the three-year agreement on objectives and performance. II – The management of assets and financial instruments may be delegated to companies or firms carrying out the activities mentioned in I of article L. 532-9 of the Monetary and Financial Code. This…

Caisse des dépôts et consignations shall set up a permanent system of internal administrative, financial and accounting control for the management of the fund referred to in the first paragraph of Article L. 6333-6. The internal control report details in particular: 1° The internal control objectives and methodology; 2° The procedures and systems for identifying, assessing, managing and controlling risks; 3° The action taken on the recommendations of the persons…