The decree n°2012-471 dated 11 April 2012 specifies the conditions (i) of the licence to the associations and foundations recognized as being in the public interest to grant micro-loans, that is from now on issued by the Prudential Supervisory Authority (Autorité de Contrôle Prudentiel – ACP), and (ii) the authorization to companies to grant guarantees supporting loan transactions for development projects to companies located in priority employment areas, that is issued by the Minister in charge of Economy after advice from a special committee. These licenses will be given without a time limit.  

This decree has entered into force on 14 April 2012. All previous authorizations will remain valid until their expiry date.