The Observatory for the Security of Payment Means (OSMP – Observatoire de la sécurité des moyens de paiements) was created by Law 2016‑1691 of 9 December 2016, known as the Sapin II Law, and succeeded the Observatory for Payment Card Security (OSCP – Observatoire de la sécurité des cartes de paiement) created in 2001. The legislation governing the OSMP is set forth in the French Monetary and Financial Code (Code monétaire et financier).
The composition of the Observatory is set out by in the article R.142-22 of the French Monetary and Financial Code. The Observatory is made up of :
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.
Updated on: 07/07/2017 11:38