French Business Law - French Legislation

Article L221-4 of the French Monetary and Financial Code

November 8, 2023

A decree of the Conseil d’Etat specifies the procedures for opening, operating and closing the Livret A. Deposits made into a Livret A account may not exceed a ceiling set by the decree referred to in the first paragraph. Notwithstanding the last paragraph of article L. 221-3, the ceiling applicable to Livret A accounts held by co-owners’ associations is set according to the number of lots in the co-ownership. The…

Article L221-5 of the French Monetary and Financial Code

November 8, 2023

A proportion of the total deposits collected in respect of the Livret A and the Livret de Développement Durable et Solidaire governed by article L. 221-27 by institutions distributing one or other of these passbooks is centralised by Caisse des Dépôts et Consignations in the fund provided for in article L. 221-7. The centralisation rate for deposits collected under the Livret A and Livret de Développement Durable et Solidaire passbooks…

Article L221-6 of the French Monetary and Financial Code

November 8, 2023

Institutions distributing Livret A passbook savings accounts and Livret de Développement Durable et Solidaire passbook savings accounts receive a fee in return for centralising deposits. This remuneration is borne by the fund provided for in article L. 221-7. The method of calculation is set by decree by the Conseil d’Etat after consultation with the supervisory commission of the Caisse des dépôts et consignations. The credit institution referred to in article…

Article L221-7 of the French Monetary and Financial Code

November 8, 2023

I. – The sums referred to in article L. 221-5 are centralised by the Caisse des dépôts et consignations in a fund managed by it and known as the savings fund. II. – Caisse des dépôts et consignations, with the agreement of its supervisory board and the authorisation of the Minister for the Economy, may issue debt securities for the benefit of the fund. Under the same conditions, Caisse des…

Article L221-8 of the French Monetary and Financial Code

November 8, 2023

Transactions relating to Livret A passbook accounts and Crédit Mutuel special passbook accounts opened before 1 January 2009 are subject to documentary and on-site inspections by the Inspectorate General of Finance.

Article L221-13 of the French Monetary and Financial Code

November 8, 2023

The popular savings passbook account is designed to help people on the lowest incomes to invest their savings under conditions that maintain their purchasing power.

Article L221-14 of the French Monetary and Financial Code

November 8, 2023

A Conseil d’Etat decree defines the operating procedures for this passbook account and in particular the conditions under which companies, establishments or organisations that receive deposits are authorised, for its implementation, to open popular savings passbook accounts for beneficiaries.

Article L221-15 of the French Monetary and Financial Code

November 8, 2023

This passbook account is reserved for taxpayers whose tax residence is in France and whose income does not exceed the amounts mentioned in I of article 1417 of the General Tax Code multiplied by a coefficient equal to 1.8, the amount obtained being rounded up to the nearest euro. Beneficiaries whose income exceeds the amounts mentioned in the first paragraph of this article for two consecutive years lose the benefit…

Article L221-16 of the French Monetary and Financial Code

November 8, 2023

Only one passbook account may be opened per taxpayer and one for the taxpayer’s spouse or partner in a civil solidarity pact.

Article L221-17 of the French Monetary and Financial Code

November 8, 2023

The prohibitions of article L. 112-2 do not apply to the remuneration of popular savings deposits when they meet the stability conditions, which are set at six calendar months.

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Legislative part

Article L221-4 of the French Monetary and Financial Code

Article L221-5 of the French Monetary and Financial Code

Article L221-6 of the French Monetary and Financial Code

Article L221-7 of the French Monetary and Financial Code

Article L221-8 of the French Monetary and Financial Code

Article L221-13 of the French Monetary and Financial Code

Article L221-14 of the French Monetary and Financial Code

Article L221-15 of the French Monetary and Financial Code

Article L221-16 of the French Monetary and Financial Code

Article L221-17 of the French Monetary and Financial Code

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Legislative part

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