CSSF Circular 24/856 (amending Circular 02/77) on NAV errors
As part of this course, PwC Academy offers to highlight your company's requirements regarding this topic and to address in a comprehensive and practical way the questions participants are confronted with in the light of the obligations of this new CSSF circular 24/856 (focused on NAV errors).
This module is part of our Fund Accounting curriculum.
Duration: 2h
Language: Available in English and French. The supporting material is only available in English.
Number of participants: up to 15
Available as intra-company course (i.e. dedicated session on demand)
Course content can be customised on demand under specific conditions.
Objectives
By the end of this training, participants will be able to:
- understand the key concepts related to the circular 24/856 with a focus on the NAV errors;
- understand the procedures applicables in case of NAV errors;
- explain the key points of the circular to the other employees and how to treat NAV errors detected.
Content
Theoretical part:
- Definitions of the main concepts
- Scope of application of the circular
- Overview of the new regulatory environment in Luxembourg in the context of the circular
- Presentation of the key stakeholders involved as well as roles and responsibilities of each stakeholder
- How to treat NAV errors
- Understanding of the implications in case of detection of other errors
Practical part:
- Illustration with practical examples (how to detect and correct NAV errors and other types of errors.)
This training is interactive and includes practical points.
Target audience
- Members of risk team at management company / AIFM level
- Members of oversight team at management company / AIFM level
Our lead experts
This training is coordinated by Frédéric Botteman, Partner at PwC Luxembourg, and will be presented by directors and managers who benefit from a strong professional experience in this area.
Frédéric, Audit Partner, is specialised in the valuation of derivatives and illiquid securities. Thanks to this, he has gained a high expertise in the audit of guaranteed funds. He is also leading several SRI reporting for major IM players.
Frédéric is an instructor in several courses linked to derivative instruments.
