Subsection 2: Authorisation

In order to issue the special payment vouchers referred to in B of article L. 1271-1 of this code, the specialised organisations and establishments or the establishments referred to in article L. 1271-9 are authorised by the Minister responsible for personal services.

The authorisation of bodies and establishments covers : 1° Issuing universal employment-service vouchers ; 2° Reimbursement of these special payment vouchers, under the conditions set out in articles L. 1271-15, R. 1271-13 to R. 1271-18, D. 1271-28 and D. 1271-29 of this Code and article D. 133-26 of the Social Security Code: a) Employees working in jobs falling within the scope of the services mentioned in Article L. 7231-1 of…

National authorisation is granted after consultation with the Banque de France and the Agence centrale des organismes de sécurité sociale. The decision to grant or refuse authorisation is notified in writing. The list of organisations and establishments authorised to issue the special payment voucher referred to in B of article L. 1271-1 is published in the official bulletin of the ministry responsible for services and on the website of the…

The issuer of the special payment voucher referred to in B of Article L. 1271-1 shall include its authorisation number in a visible place in any contract or agreement concluded with the persons providing the pre-financing.

The issuer of the authorised special payment voucher referred to in B of Article L. 1271-1 shall notify the Minister responsible for personal services, by registered letter with acknowledgement of receipt, of any substantial changes it wishes to make to the terms and processes described in its application for authorisation. The Minister responsible for personal services will notify the issuer, by registered letter with acknowledgement of receipt, of its decision…

In order to be authorised, the issuer must open a specific bank or post office account, in accordance with article L. 1271-11, into which the funds received as consideration for the transfer of the securities are paid, to the exclusion of all others. The amount in this account, equal to the equivalent value of the special payment instruments in circulation, guarantees the reimbursement to the parties involved of the special…

In order to be authorised, the issuer must keep appropriate accounts enabling: 1° Ongoing verification of the liquidity of the equivalent value of the special payment instruments referred to in B of Article L. 1271-1 in circulation; 2° Permanent control and accounting justification of all financial flows, from issue to redemption.

The issuer of the special payment vouchers referred to in B of Article L. 1271-1 of this Code undertakes to: 1° Set up a network of affiliated associations and companies receiving these special payment vouchers as payment for their services, covering the whole of France ; 2° Ensure security at all stages of the process, taking into account the security objectives defined by the Banque de France as part of…

To be authorised, the issuer must demonstrate its ability to fulfil the obligations set out in article D. 1271-15.

Failure to comply with any of the obligations set out in articles D. 1271-13 to D. 1271-15 may result in suspension or withdrawal of authorisation by the Minister responsible for personal services.