The composition of the Observatory is set out in the Decree of 2 May 2002. The Observatory is made up of:
A Deputy and a Senator,
Eight general government representatives:
a representative of the general secretariat for National Defence,
two representatives of the Minister of the Economy and Finance,
a representative of the Minister of Justice,
a representative of the Minister of the Interior,
a representative of the Minister of Defence,
a representative of the Minister for Consumer Affairs,
a representative of the Minister of Industry.
The Governor of the Banque de France or his representative,
The Secretary General of the Banking Commission or his/her representative,
Ten representatives of payment card issuers, particularly four-party cards, three-party cards and electronic purses,
Five representatives of the Consumer Board of the National Consumers' Council (Conseil National de la Consommation),
Five representatives of merchants, notably from the retail sector, the supermarket sector, mail-order sales and e-commerce,
Three qualified prominent figures chosen for their expertise.
The members of the Observatory, other than those representing the State, the Governor of the Banque de France and the Secretary General of the Banking Commission, are appointed for a period of three years. Their term of office is renewable once. The President is appointed among these members by the Minister of the Economy and Finance. He has a three-year term of office, renewable once. Mr Christian Noyer chaired the Observatory since 17 November 2003.
In the course of its 2005 exercice, the first mandate of members that were appointed by Order of 20 January 2003 and other subsequent modifying ones expired. The composition of the Observatory has been renewed by Order of 20 April 2006, completed by Order of 22 June 2006.