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Chapter VIII: Institutions and services authorised to carry out banking transactions

Article L518-1 of the French Monetary and Financial Code

The following are not subject to the provisions of Chapters I to VII of this Title: the French Treasury, the Banque de France, La Poste, under the conditions defined in Article L. 518-25, the Institut d’émission des départements d’outre-mer, the Institut d’émission d’outre-mer and the Caisse des dépôts et consignations. These institutions and departments may carry out the banking transactions provided for by the laws and regulations governing them. The…

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Article L518-2 of the French Monetary and Financial Code

Caisse des Dépôts et Consignations and its subsidiaries form a public group serving the public interest and the country’s economic development. This group carries out public interest missions in support of public policies conducted by the State and local authorities, and may engage in competitive activities. Caisse des Dépôts et Consignations is a special institution responsible for administering deposits and consignments, providing services relating to the funds entrusted to it…

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Article L518-4 of the French Monetary and Financial Code

The Supervisory Board is made up of : 1° Two members of the standing committee of the National Assembly responsible for finance, at least one of whom belongs to a group that has declared that it does not support the Government; 2° One member of the standing committee of the National Assembly responsible for economic affairs; 3° One member of the standing committee of the Senate responsible for finance; 4°…

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Article L518-7 of the French Monetary and Financial Code

The Supervisory Board ensures ongoing control of the management of Caisse des dépôts et consignations by the Chief Executive Officer. It may delegate some of its powers to the Chief Executive Officer, who shall report to it on the decisions he has taken by virtue of this delegation. It is provided with sufficient resources to ensure the proper performance of its duties and the mandate of its members, in accordance…

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Article L518-8 of the French Monetary and Financial Code

The Supervisory Board has an Investment Committee and other specialised committees, the list and powers of which are set out in its internal regulations. The role of the Investment Committee is to oversee the implementation of Caisse des Dépôts et Consignations’ investment policy. It is informed in advance of transactions that lead Caisse des dépôts et consignations to acquire or dispose of equity securities or securities giving access to the…

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Article L518-9 of the French Monetary and Financial Code

In order to carry out its duties, the Supervisory Board carries out checks and controls and obtains all the documents it deems necessary. It may submit observations and opinions to the Managing Director. The Supervisory Board may decide to make its observations and opinions public.

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