Societe Generale Securities Services offers UCITS solution
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Societe Generale Securities Services offers UCITS solution 25 June 2012Luxembourg Reporter: Mark Dugdale
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Societe Generale Securities Services (SGSS) has launched a turnkey solution to enable asset management companies and third party managers to create, manage and promote UCITS funds.
The UCITS label enables asset managers to distribute UCITS funds in every EU country. It also offers guaranties of transparency, risk control and liquidity for investors, according to SGSS.
SGSS’s solution offers a Luxembourg legal structure that fulfills EU regulations.
The solution is aimed at asset managers globally that do not want, or do not have, the means of creating a UCITS-registered asset management firm, so that they can benefit from the UCITS label.
SGSS will use Luxembourg-based asset manager Societe Generale Private Wealth Management’s expertise, which meets all UCITS regulatory requirements, according to SGSS, to offer the solution.
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