CILOGER, a real estate asset manager in France, has mandated Societe Generale Securities Services (SGSS) to provide depositary and regulatory reporting services within the framework of the Alternative Investment Funds Management Directive (AIFMD).
CILOGER selected SGSS as depositary for nine of its SCPI (French unlisted real estate vehicle), which currently fall within the scope of AIFMD. SGSS will provide a range of services including position-keeping of assets, daily control of liquidity flows and obligatory inspections and audits.
SGSS has also been retained to provide a regulatory reporting service for 21 SCPI and OPCI (real estate mutual funds). This service, which also meets the requirements of AIFMD, involves the production and communication of regulatory reporting to the local regulator. It 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 report, thus allowing the asset manager to focus fully on its core activities.
CILOGER Mandates SGSS to Provide AIFMD Reporting and Depositary Services
CILOGER, a real estate asset manager in France, has mandated Societe Generale Securities Services (SGSS) to provide depositary and regulatory reporting services within the framework of the Alternative Investment Funds Management Directive (AIFMD).
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