French Monetary and Financial Code
In forceI. - Subject to the adaptations provided for in II, the provisions of the articles mentioned in the left-hand column of the table below shall apply in New Caledonia, in the wording indicated in the right-hand column of the same table:
Applicable articles | In the wording resulting from the decree |
|---|---|
R. 121-3 and R. 121-4 | No. 2013-383 of 6 May 2013 |
II. - For the application of I:
1° Article R. 121-3 reads as follows:
"Art. R. 121-3. - When credit institutions, the Office des postes et télécommunications de Nouvelle-Calédonie, electronic money institutions, payment institutions and service providers processing euro and Pacific franc coins on their behalf and for their account on a professional basis are engaged, with a view to issuing euro and Pacific franc coins to the public, these have first been sorted and checked using equipment that detects counterfeit or fake coins or coins that are not legal tender in New Caledonia and separates them from genuine euro and Pacific franc coins.
" This equipment is of a type that has passed the tests carried out by the public institution La Monnaie de Paris and, where applicable, by the Institut d'émission d'outre-mer. This establishment and, where applicable, this Institute publish the list of types of equipment that have undergone a positive test, in particular on their website." ;
2° Article R. 121-4 reads as follows:
"Art. R. 121-4. - When credit institutions, the Office des postes et télécommunications de Nouvelle-Calédonie, electronic money institutions and payment institutions pay coins in euros and Pacific francs to the Institut d'émission d'outre-mer, they shall enter into agreements with the Institut d'émission d'outre-mer, specifying in particular the conditions under which the Institut d'émission d'outre-mer may carry out documentary and on-site checks.
" When credit institutions, the Office des postes et télécommunications de Nouvelle-Calédonie, electronic money institutions and payment institutions entrust the service providers mentioned in Article R. 121-3 with all or part of the payment of coins in euros and Pacific francs to the Institut d'émission d'outre-mer, these service providers shall first sign an agreement with the Institut d'émission d'outre-mer, in accordance with the conditions set out in the first paragraph.
" Coin payments must also comply with the packaging, payment and identification standards defined by the Institut d'émission d'outre-mer.
