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Article R1271-10 of the French Labour Code

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…

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Article R1271-11 of the French Labour Code

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.

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Article R1271-12 of the French Labour Code

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…

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Article R1271-13 of the French Labour Code

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…

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Article R1271-14 of the French Labour Code

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.

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Article R1271-15 of the French Labour Code

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…

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Article R1271-18 of the French Labour Code

The organisations and institutions authorised to issue the special payment voucher referred to in B of article L. 1271-1, on paper or in dematerialised form, receive remuneration from the natural or legal persons who provide the pre-financing.

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Article R1271-19 of the French Labour Code

The authorised issuer must notify the Minister responsible for personal services without delay, by registered letter with acknowledgement of receipt: 1° Any takeover, acquisition or takeover of control by one or more third parties, the transfer or cessation of the business or activity for which the organisation or establishment is authorised, as well as the opening of safeguard, receivership or compulsory liquidation proceedings as provided for in Book VI of…

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