Real estate mandate for SGSS
11 September 2014 Paris
Image: Shutterstock
CILOGER, a French real estate asset manager, has mandated Societe Generale Securities Services (SGSS) to provide depositary and regulatory reporting services with the framework of the Alternative Investment Funds Management Directive (AIFMD).
SGSS was selected by CILOGER for 9 of its SCPI (French unlisted real estate vehicle), which has come into the scope of AIFMD.
As well as acting as depositary, SGSS will provide a range of services including position-keeping of assets, daily control or liquidity flows and obligatory inspections and audits.
In addition, SGSS will provide a regulatory reporting service for 21 SCPO and OPCI (real estate mutual funds), which will adhere to AIFMD and involves the production and communication of regulatory reporting to the local regulator.
The reporting includes the collection of data and the preparation of reporting for the whole range of funds, as well as the production of CILOGER’s consolidated reports.
SGSS was selected by CILOGER for 9 of its SCPI (French unlisted real estate vehicle), which has come into the scope of AIFMD.
As well as acting as depositary, SGSS will provide a range of services including position-keeping of assets, daily control or liquidity flows and obligatory inspections and audits.
In addition, SGSS will provide a regulatory reporting service for 21 SCPO and OPCI (real estate mutual funds), which will adhere to AIFMD and involves the production and communication of regulatory reporting to the local regulator.
The reporting includes the collection of data and the preparation of reporting for the whole range of funds, as well as the production of CILOGER’s consolidated reports.
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