In order to be authorised, the issuer must keep appropriate accounts enabling: 1° Ongoing verification of the liquidity of the equivalent value of the special payment instruments referred to in B of Article L. 1271-1 in circulation; 2° Permanent control and accounting justification of all financial flows, from issue to redemption.
The issuer of the special payment vouchers referred to in B of Article L. 1271-1 of this Code undertakes to: 1° Set up a network of affiliated associations and companies receiving these special payment vouchers as payment for their services, covering the whole of France ; 2° Ensure security at all stages of the process, taking into account the security objectives defined by the Banque de France as part of…
To be authorised, the issuer must demonstrate its ability to fulfil the obligations set out in article D. 1271-15.
Failure to comply with any of the obligations set out in articles D. 1271-13 to D. 1271-15 may result in suspension or withdrawal of authorisation by the Minister responsible for personal services.
The organisations and institutions authorised to issue the special payment voucher referred to in B of article L. 1271-1, on paper or in dematerialised form, receive remuneration from the natural or legal persons who provide the pre-financing.
The authorised issuer must notify the Minister responsible for personal services without delay, by registered letter with acknowledgement of receipt: 1° Any takeover, acquisition or takeover of control by one or more third parties, the transfer or cessation of the business or activity for which the organisation or establishment is authorised, as well as the opening of safeguard, receivership or compulsory liquidation proceedings as provided for in Book VI of…
In order to assess the conditions for maintaining authorisation, the Minister responsible for personal services may, at any time, ask the authorised issuer to update the documents in its authorisation application file.
In the cases provided for in article D. 1271-19, the Minister responsible for personal services will consult the Banque de France and the Agence centrale des organismes de sécurité sociale. Before suspending or withdrawing authorisation, the Minister responsible for personal services notifies the authorised issuer of its intention by registered letter with acknowledgement of receipt and invites it to make its observations known. The issuer has fifteen days from the…
The activity of issuing the special payment voucher referred to in B of article L. 1271-1, for which issuers are authorised by the Minister responsible for personal services, is monitored and controlled by the Minister with the support of the Banque de France and the Agence centrale des organismes de sécurité sociale.
Before 30 April each year, the authorised issuer of the special payment voucher referred to in B of Article L. 1271-1 sends the Minister responsible for personal services and the Banque de France, by registered letter with acknowledgement of receipt: 1° An activity report covering the previous calendar year of issue. This report also sets out the issuer’s business prospects for the current year; 2° A report on the security…
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182, rue de Rivoli
75001, Paris France
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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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