Turnkey UCITS Fund Solution

UCITS Fund Solution

Societe Generale provides a UCITS Fund Solution for fund managers setting up or redomiciling funds under UCITS regulations. The new service provides an easily accessible, one-stop solution combining the custody, trustee, administration, execution and finance tools required to set up UCITS compliant funds, along with the core services required to operate them.

Developed by teams from Societe Generale Securities Services and Societe Generale Corporate & Investment Banking, this solution offers asset managers the following benefits:

• A competitively-priced alternative to using a UCITS platform;

• Access to independent assistance on corporate and operational infrastructure;

• Societe Generale Securities Services’ comprehensive global custody, trustee and administration services, including liquidity management, collateral management and OTC derivative pricing;

• Synthetic shorting via Societe Generale Corporate & Investment Banking’s Dynamic Portfolio Swap Platform;

• Extensive execution solutions from the Corporate & Investment Bank, with one of the largest liquidity pools in Global Equities, providing access to 70 equity cash and derivatives markets*;

• Access to the Corporate & Investment Bank’s ranked research services, earning top position in the Thomson Reuters Extel Europe 2010 Survey for Pan-European Economist / Strategist.

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Key Investor Information

SGSS provides a services offering, aimed at asset managers, which takes charge on their behalf of the regulatory measures involved in replacing the Simplified Prospectus for UCITS by the Key Investor Information (KII) document.

This offering allows SGSS’ clients to meet the new regulatory requirements by delegating responsibility to SGSS, not only for the main regulatory changes and administrative requirements, but also for the calculation of the various indicators required by the KII, such as the risk / return indicator. Asset managers will thus be able to focus on preparing information about the objectives and investment policies of their funds, which is also covered by the KII, whilst allowing SGSS to manage the remaining procedures in their place.

The UCITS IV Directive and its applicative texts foresee the replacement of the Simplified Prospectus by the KII from 1 July 2011. This document, written in the language of the country of sale, will give investors access to standardised and summarised information about the main characteristics of UCITS funds.

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