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 directive.
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 formats.
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 regulators.
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 SGSS.
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.