glossario

COLLECTIVE CREDIT UNDERTAKINGS (ORGANISMI DI INVESTIMENTO COLLETTIVO DEL RISPARMIO - OICR)

Undertakings that collect money from savers and invest it in financial instruments, loans, movable and immovable assets and other assets. It is a category that includes intermediaries with different legal forms: they include investment funds set up and managed by asset management companies and variable-capital investment firms. Collective credit undertakings that meet certain conditions established by law can grant loans and, in such cases, are required to submit reports to the Central Credit Register.