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,” the company said.
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.