French Monetary and Financial Code
In forceEveryone is entitled to free information about the retirement savings products they have subscribed to during their lifetime. The online service mentioned in III of article L. 161-17 of the Social Security Code provides access to this information at any time. A directory is created for the management of this information, which is made available by the managers under the conditions provided for in article L. 132-9-6 of the Insurance Code, article L. 223-10-5 of the Mutual Code and article L. 312-21-1 of this Code. This information may include the references and nature of the products as well as the designation and contact details of the contract managers.
The information mentioned in the first paragraph of this article may not be included in the personal statement provided for in III of article L. 161-17 of the Social Security Code. When the information is made available, the online service referred to in the same III clearly indicates to the subscriber that the products whose existence is notified to him under the first paragraph of this article are not covered by legally compulsory pension schemes.
In the event that the processing of information transmitted by the managers to the group mentioned in the first paragraph of Article L. 161-17-1 of the Social Security Code does not enable the identity of the subscriber of a retirement savings product to be determined with certainty, and if several potential subscribers have been identified for the same product, the aforementioned group may notify potential subscribers of the existence of any rights constituted in their favour under the retirement savings scheme. This notification is made by means of the online service mentioned in III of article L. 161-17 of the same code.
The fund managers finance the resources required to develop, operate and publicise the provisions of this article, in accordance with the terms of an agreement between the group mentioned in the first paragraph of Article L. 161-17-1 of the Social Security Code and the professional representatives of these fund managers. This agreement also specifies the type of information sent to the grouping and the procedures for exchanges with the managers.
The group referred to in the same first paragraph may periodically notify the managers of the success or failure of the subscriber's identification and access to the online service referred to in III of article L. 161-17 of the same code over the last twelve months. This notification may be made using the directory mentioned in the first paragraph of this article. It is not authorised to communicate any other information concerning the identified subscriber.
The managers concerned by this article are insurance companies, mutual insurers or associations, provident institutions or associations, supplementary occupational pension schemes, credit institutions, investment companies or institutions authorised to carry out activities relating to the custody or administration of financial instruments.
A Conseil d'Etat decree defines the list of retirement savings products concerned, in addition to the products mentioned in article L. 224-1 of this code.
