Subsection 1: The Institut d'émission des départements d'outre-mer (IEDOM)

In the collectivities referred to in Article 73 of the Constitution and in the collectivities of Saint-Barthélemy, Saint-Martin and Saint-Pierre-et-Miquelon, the Banque de France carries out the tasks entrusted to it by Articles L. 122-1, L. 141-1 to L. 141-5-1 and L. 141-6-1 as part of its participation in the European System of Central Banks. Operations relating to these tasks in the local authorities referred to in the first paragraph…

The Institut d’émission des départements d’outre-mer is also responsible, in its area of operation defined in the first paragraph of Article L. 721-7: 1° Putting metal coins into circulation and carrying out the general interest tasks entrusted to it by the State; agreements between the State and the Institut define the nature of these services and the terms of their remuneration; 2° Carrying out any research or services on behalf…

In order to carry out the tasks referred to in Article L. 721-7, credit institutions or finance companies established in the form of a branch or having their registered office in the local authorities referred to in the first paragraph of Article L. 721-7 shall open accounts with the Banque de France.

The Institut d’émission des départements d’outre-mer (French overseas departments note-issuing bank) studies issues relating to payment periods applied by companies and public bodies in the local authorities referred to in article L. 721-7. It publishes an annual report on trends in payment periods, the factors behind them and the solutions available to reduce them, which is sent to Parliament and the Minister for the Economy. It makes proposals to ensure…

Any person who participates or has participated in the performance of the tasks of the Institut d’émission des départements d’outre-mer is bound by professional secrecy. Any person who participates or has participated in the performance of the duties of the Institut d’émission des départements d’outre-mer shall be liable to the penalties provided for inArticle 226-13 of the French Penal Code for violating the professional secrecy referred to in the first…

The procedures for presenting and closing the accounts of the Institut d’émission des départements d’outre-mer are identical to those laid down for the Banque de France pursuant to Article L. 144-4.

Within the Institut d’émission des départements d’outre-mer, an observatory of bank charges is responsible for studying issues relating to bank charges in the local authorities referred to in Article L. 721-7. Every six months, it publishes a report on changes in charges and the differences observed between institutions in the overseas departments and collectivities concerned and institutions in mainland France. Each year, it draws up a report on its activities,…