Institutional undertakings for investment in receivables
The institutional undertakings for investment in receivables/SIC have as their sole purpose the investment in receivables held by third parties and transferred to the investment funds under a transfer agreement (see receivables securitisation transactions).
The institutional undertakings for investment in receivables may be set up in the form of a receivable investment fund or a receivable investment company.
The institutional undertakings for investment in receivables should, before starting its activities, register itself on the list of the institutional undertakings for investment in receivables at the FPS Finance. The same procedure applies to compartments created by the undertaking in investment.
Registration on the list maintained by the FPS Finance is accompanied by a special tax regime (as regards the tax base and withholding tax on movable property).
CONSUlt the list of collective investment undertaking (PDF, 215.84 KB)
Warning: the collective investment undertakings struck off before the launch of the new module OPC in MyMinfin (31.07.2022) can only be consulted through the following list.
New procedure for registering, changing or striking off a collective investment undertaking on 
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Pursuant to Articles 2 and 2/2 of the Royal Decree of July 30th 2018 laying down some implementing measures as regards the institutional undertakings for investment in receivables, the applicant company must apply for registration with the FPS Finance via the OPC application available on MyMinfin. The General Administration of the Treasury of the FPS Finance has 30 calendar days following the day on which the request for registration was validly made or following the day on which the file was completed, in order to confirm registration on the list of the institutional undertakings for investment in receivables, pursuant to Article 2, § 2, 2nd paragraph of the Royal Decree of July 30th 2018. - If the file is incomplete or if additional information is required to finalise registration, the FPS Finance may request the missing information or documents from the applicant company. |
Control procedure
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Pursuant to Article 271/18 of the law of August 3rd 2012 on collective investment undertakings which comply with the requirements mentioned in the Directive 2009/65/EC and the undertakings for investment in receivables, the FPS Finance is in charge to control the observance by institutional undertakings for investment in receivables of the provisions of the aforementioned law and the Royal Decree of July 30th 2018. The institutional undertakings for investment in receivables should transmit on request of the FPS Finance every information and document as regards their organisation, their functioning and their operations, including the type of investments made, necessary for control purposes by the FPS Finance.
If the institutional undertaking for investment in receivables has not remedied the shortcomings identified within 30 calendar days of notification of the formal notice, the FPS Finance strikes the institutional undertaking for investment in receivables off the list pursuant to Article 2/6 of the Royal Decree of July 30th 2018. Removal from the list means that the company concerned loses the benefit of the tax regime applicable to the institutional undertakings for investment in receivables. |
When the General Administration of Treasury finds that it is not complying with the legal and regulatory provisions applicable to it, a formal notice, stating the reasons, is sent to the institutional undertaking for investment in receivables concerned, in order to remedy any shortcomings identified.Legal and regulatory basis
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Law of August 3rd 2012 on collective investment undertakings which comply with the requirements mentioned in the Directive 2009/65/EC and the undertakings for investment in receivables. Royal Decree of July 30th 2018 laying down some implementing measures as regards the institutional undertakings for investment in receivables. |
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If you haven't found the solution to your problem, you can also contact us via registration.treasury@minfin.fed.be.