The individual retirement savings plan sets out the financing arrangements for the subscribing association. The association may only receive an initial membership fee and, where applicable, regular contributions from members, which may take the form of fees deducted from the plan. These contributions are mentioned in the information provided for in article L. 224-7.
A supervisory committee is set up within the association referred to in article L. 224-33 for each individual retirement savings plan, to ensure that the plan is properly implemented and that the interests of holders are represented, in accordance with the procedures defined by regulation. Where the association subscribes to a single individual retirement savings plan, the board of directors of the association may validly act as the supervisory committee…
The Supervisory Committee may at any time ask the statutory auditors and the directors of the insurance undertaking for any information on the financial situation and actuarial balance of the auxiliary allocation accounts referred to inarticle L. 142-4 of the Insurance Code. The statutory auditors are then released from their obligation of professional secrecy. The Supervisory Committee shall arrange for any expert reports necessary for its work and may, to…
The insurance company shall inform the Supervisory Committee at least once every six months about the management of the plan and shall submit to it, within six months of the end of the previous financial year, an annual report on the actuarial balance and the administrative, technical and financial management of the plan.
In the event of the transfer referred to in the fifth paragraph of article L. 224-6, the choice of a new manager is subject to a competitive tender procedure and is submitted to the general meeting of the subscribing association, on the recommendation of the supervisory committee. The Supervisory Committee examines whether the plan should be renewed with the insurance company or whether it should be put out to competitive…
The provisions of this sub-section do not apply: -to the contract under the supplementary pension scheme set up by the Caisse nationale de prévoyance de la fonction publique mentioned inarticle L. 132-23 of the French Insurance Code; -to the group insurance agreement called “complémentaire retraite des hospitaliers” mentioned in article L. 132-23 of the French Insurance Code; -the contract underwritten as part of the scheme managed by the Union mutualiste…
I.-Individual rights currently being built up on … may be transferred to a retirement savings plan mentioned in this chapter: 1° A contract mentioned inarticle L. 144-1 of the French Insurance Code, the purpose of which is to acquire and enjoy personal lifetime rights; 2° A popular retirement savings plan mentioned inarticle L. 144-2 du code des assurances ; 3° Un contrat relevant du régime de retraite complémentaire institué par…
Subject to the provisions of this chapter to the contrary, the French sub-account, within the meaning of Article 2 of Regulation (EU) 2019/1238 of the European Parliament and of the Council of 20 June 2019 on a pan-European individual retirement savings product (PEPP), of the pan-European individual retirement savings product mentioned in the same regulation is governed by the provisions applicable to the individual retirement savings plan mentioned in Article…
Payments into a French sub-account of the pan-European individual retirement savings product which have given rise to the opening of a securities account are allocated to the acquisition of financial securities offering sufficient protection of the savings invested and appearing on a list established by regulation, taking into account the financial management procedures of the plan. Payments into a French sub-account of the pan-European individual retirement savings product which have…
The French sub-account of the pan-European individual retirement savings product must be able to receive the deposits mentioned in 1° of Article L. 224-2. Payments are made in cash. The second paragraph of Article L. 224-20 applies to these payments. The French sub-account of the pan-European individual retirement savings product must also be able to receive individual rights in the course of constitution corresponding to payments mentioned in 1° to…
Our French business lawyers are here to help.
We offer a FREE evaluation of your case.
Call us at +33 (0) 1 84 88 31 00 or send us an email.
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
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
Resources
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
Useful links
Our French business lawyers are here to help.
We offer a FREE evaluation of your case.
Call +33 (0) 1 84 88 31 00 or send us an email.
All information exchanged through this website will be communicated to lawyers registered with a French Bar and will remain confidential.
