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French Monetary and Financial Code

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Article L721-8 of the French Monetary and Financial Code

November 7, 2023

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…

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Article L721-9 of the French Monetary and Financial Code

November 7, 2023

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.

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Article L721-10 of the French Monetary and Financial Code

November 7, 2023

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…

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Article L721-11 of the French Monetary and Financial Code

November 7, 2023

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…

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Article L721-13 of the French Monetary and Financial Code

November 7, 2023

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,…

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Article L721-14 of the French Monetary and Financial Code

November 7, 2023

In Saint-Barthélemy, Saint-Martin and Saint-Pierre-et-Miquelon, the Institut d’émission des départements d’outre-mer (French overseas departments note-issuing bank) is responsible for centralising information used to identify accounts of all kinds held by natural and legal persons, as well as safe deposit box rentals. The Institute informs the institutions and persons authorised to maintain accounts and to open regulated savings accounts in particular.

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Article L721-15 of the French Monetary and Financial Code

November 7, 2023

In Saint-Barthélemy, Saint-Martin and Saint-Pierre-et-Miquelon, the Institut d’émission des départements d’outre-mer (French overseas departments note-issuing bank) provides public accountants, at their request, with information relating to all types of accounts and safes that it centralises in order to carry out the duties assigned to it by Article L. 721-14, for the purpose of recovering all types of public debt. The Institute is exempt from professional secrecy for the application of…

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Article L721-17 of the French Monetary and Financial Code

November 7, 2023

In the local authorities referred to in the first paragraph of article L. 721-7, for the basic banking services referred to in III of article L. 312-1, credit institutions may not charge more than the average of those charged by the institutions or regional branches of the group to which they belong in mainland France. The credit institutions present in these local authorities take part each year in a meeting…

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is a Registered Trademark of
PETROFF LAW FIRM (SELARL LEGASTRAT)
182, rue de Rivoli
75001, Paris France
RCS Paris n°814433470
Paris Bar Registration n° (Toque) C2396

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is a Registered Trademark of
PETROFF LAW FIRM (SELARL LEGASTRAT)
182, rue de Rivoli
75001, Paris France
RCS Paris n°814433470
Paris Bar Registration n° (Toque) C2396

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