#2009-799Ordinance No. 2009-799 of June 24, 2009 on Updating and Adapting Financial and Customs Legislation for New Caledonia, French Polynesia, Wallis and Futuna, Saint Pierre and Miquelon, and Mayotte
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This law updates financial and customs rules for New Caledonia, French Polynesia, Wallis and Futuna, Saint Pierre and Miquelon, and Mayotte. It simplifies the handling of savings accounts and restructures banking terms in these regions. Affected parties need to ensure compliance with new guidelines on financial transactions and savings accounts.
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Key Changes
- Updates and adapts financial and customs legislation for specific overseas territories
- Simplifies management of savings accounts and restructures banking terms
- Requires closure or transfer of Livret A accounts for opening elsewhere
Obligations
What this law requires
Financial institutions in New Caledonia, French Polynesia, and Wallis and Futuna must apply articles L. 221-1 to L. 221-9 and L. 221-38 of the Monetary and Financial Code as amended by the law of August 4, 2008
The postal and telecommunications office (office des postes et télécommunications) must distribute Livret A savings accounts in New Caledonia, French Polynesia, and Wallis and Futuna according to articles L. 221-2 to L. 221-4, L. 221-6 to L. 221-9, and L. 221-38
The Caisse des dépôts et consignations must centralize all funds collected from Livret A savings accounts and supplementary livrets in the fund specified by article L. 221-7
Financial institutions must guarantee compliance with the provisions of article L. 221-38 regarding savings accounts
The postal and telecommunications office must accept revenue domiciliations, payment operations, and deposit/withdrawal operations under the rules and conventions that were in effect before this ordinance entered into force