- The Management Entities are depositaries and non-owners of the censal funds. They are united and bound by the approved decisions, within the limit of the censal funds that they have in deposit.
- The conditions to open a nominal account in a ME could not be different from those applied for the District Entity of this ME. In the absence of a District Entity, the criteria used by a ME will be those of the General District itself. The Management and District Entities will cooperate together in order to carry out the correct identification of the holders, and each ME will have to authorize the automatic and transparent opening of a nominal account starting from the data of identification provided by the District Entity of the registered member.
- Each ME manages a database of holders of nominal deposits containing:
- Identity of the holder of the account;
- An email address used for communications;
- The home Country, which determines the district;
- The amount of the managed nominal deposit.
- The ME will inform the holder about any operation on his nominal account, by indicating:
- The name (and district, if any) of the person who carries out the payment;
- The amount of the operation and the balance of the account.
- Periodically, the Management Entities will transmit to the District Entities a general, detailed status of the managed censal funds. For each nominal account, this report will mention:
- Identity of the holder of the account;
- The email address used for communications;
- The balance of the holder's nominal deposit in the Management Entity;
- The operations on the censal funds are subordinated to the laws and tributes of the Country of the Management Entity. Without prejudice of the subordination rule or a procedure decision, the Management Entities will not apply expenses and will not take fees on the deposits or the operations carried out with censal funds. However, they will be able to justify expenses and commissions on third-party services, and to request fees for complementary services if they are optional, or remunerated on the return from the management of funds deposited.
- Without prejudice to the provisions in preceding subparagraph, the Management Entities can promote an internal regulation, which binds the offering of complementary services to the existence of a balance in deposit. However, any internal regulation concerning the censal funds will have to be described in the approval motion of the Management Entity. All Entity regulation in connection with this Convention or with the censal funds must be published.