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SGSS launches AIFMD reporting service
13 February 2014
Helps asset managers to focus on core investment activities
Societe Generale Securities Services has launched a full
reporting package for asset managers that must comply with the
Alternative Investment Fund Managers (AIFM) directive.
The offering is designed to meet the diverse needs of asset
managers, allowing them to concentrate on their core investment
activities while ensuring they are fully compliant with the
It is an expansion of SGSS’ existing AIFMD Trilogy
offer, which addresses depositary needs, distribution
opportunities and technical services.
With transposition of AIFMD into law in EU member states
currently underway, reporting requirements will be
progressively reinforced throughout Europe.
The reporting rules will require managers to provide regulators
with detailed reports for their companies as well as for the
funds they manage or promote.
This involves aggregating extensive amounts of data from
numerous suppliers and adapting it to different reporting
SGSS says it has developed a complete package for asset
managers containing three different reporting options. The
first is a basic fund report where SGSS manages the compilation
of internal data. The asset manager remains responsible for
completing these reports and filing them with local
The second is a complete fund report involving data collection
and consolidation, both internally from SGSS and from the asset
management company. The third option is a complete fund and
asset management company report involving data consolidation
from third parties, such as the fund administrator if it is not
A complement to, such as OTC pricing, this modular package
can be adapted to clients’ structures and specific
needs and rolled-out on a pan-European basis, thanks to
SGSS’ standardised reporting platform.
Dedicated teams of experts at SGSS advise and accompany
their asset management clients throughout the entire reporting
procedure, ensuring that they are fully compliant with the
requirements of traceability, auditability and transparency
imposed by the AIFM directive.