Societe Generale Securities Services launches “gateway” its Irish UCITS platform solution
Societe Generale Securities Services (SGSS) has launched “Gateway”, its Irish UCITS* platform solution which is designed to support asset managers seeking to establish and market UCITS in Europe.
The solution provides access to an investment fund structure, Gateway UCITS Funds Plc., which allows asset managers to establish UCITS compliant funds as separate sub funds within this umbrella structure. Sub funds can be established quickly and marketed independently.
With significantly lower start-up and running costs, asset managers can benefit from a model which is more cost efficient than establishing a standalone fund. The funds also benefit from an infrastructure that offers additional services provided by Gateway such as audit and company secretary functions.
Asset managers are supported throughout the establishment process, from managing the application with the Central Bank of Ireland to analysing local market distribution requirements. Once approved, the funds can benefit from SGSS’ distribution support through local European paying and facilities agencies. In addition, SGSS provides services which cover fund administration, transfer agency, custody and trustee, as well as ancillary services such as Key Investor Information Document (KIID) preparation.
UCITS can be sold within the European Union and other select markets on a passport basis. Ireland is recognised globally as a leading location for the establishment and servicing of regulated investment funds, especially UCITS. SGSS in Ireland has extensive experience and expertise in providing the full spectrum of fund services to both UCITS and alternative investment funds acting as the administrator, transfer agent, custodian and trustee. It is regulated by the Central Bank of Ireland and has had a presence in the market for close to 20 years.
None of the services referenced herein will be offered or provided in the United States or to US Persons. This communication is intended only to professional asset managers who qualify as “major institutional investors” as defined in Rule 15a-6(a)(2) under the U.S. Securities Act 1934. This communication does not constitute an offer to sell or the solicitation of an offer to buy any security and shall not constitute an offer, solicitation or sale of any securities in any jurisdiction in which such offering, solicitation or sale would be unlawful.
* Undertakings for Collective Investment in Transferable Securities