SGSS helps Financire Arbevel transform funds as part of FROG initiative
May 31, 2018
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Financire Arbevel has recently converted eight of its common funds into a French SICAV (socit d'investissement capital variable), with support from Societe Generale Securities Services (SGSS).

This makes Arbevel one of the first French investment firms to apply measures implemented by the FROGworking group.

The FROG group, created by the French regulator (Autorit des Marchs Financiers) and the French Asset Management Association (AFG), aims to provide French and foreign asset management firms that have chosen to domicile their investment funds in France with the best possible conditions for international growth.

A SICAV specifically benefits from a solid framework to protect investor interests through a dedicated governance charter. A benchmark of quality among foreign investors, this governance is managed by the presence of an independent director on its board of directors.

Another advantage of the transformation is that the funds' performance track record is maintained since their launch as well as their ISIN codes, which remain unchanged.

Societe Generale provides Financire Arbevel in France with the following services: depositary, accounting and valuation administrator, registrar, administration, monitoring of statutory ratios, KID (key information document), PRIIPS (Packaged Retail Investment and Insurance Products), AIFM3 (alternative investments fund manager 3), Solvency II reporting as well as securities lending, foreign exchange and clearing of products impacted by EMIR4 (European market and infrastructure regulation 4).





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Financire Arbevel has recently converted eight of its common funds into a French SICAV (socit d'investissement capital variable), with support from Societe Generale Securities Services (SGSS).

This makes Arbevel one of the first French investment firms to apply measures implemented by the FROGworking group.

The FROG group, created by the French regulator (Autorit des Marchs Financiers) and the French Asset Management Association (AFG), aims to provide French and foreign asset management firms that have chosen to domicile their investment funds in France with the best possible conditions for international growth.

A SICAV specifically benefits from a solid framework to protect investor interests through a dedicated governance charter. A benchmark of quality among foreign investors, this governance is managed by the presence of an independent director on its board of directors.

Another advantage of the transformation is that the funds' performance track record is maintained since their launch as well as their ISIN codes, which remain unchanged.

Societe Generale provides Financire Arbevel in France with the following services: depositary, accounting and valuation administrator, registrar, administration, monitoring of statutory ratios, KID (key information document), PRIIPS (Packaged Retail Investment and Insurance Products), AIFM3 (alternative investments fund manager 3), Solvency II reporting as well as securities lending, foreign exchange and clearing of products impacted by EMIR4 (European market and infrastructure regulation 4).



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