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 Botteman is a partner and qualified réviseur d’entreprises in Luxembourg, currently auditing traditional, private debt, and private equity funds for major clients such as BNP Paribas Assets Management, Amundi, Nomura, BNP Paribas Securities Services, and CACEIS. He specialises in the valuation of derivatives and illiquid securities, the treatment of procedures under circular CSSF 24/856, and performance fees. With extensive experience in expert technical groups focused on asset management specifics like derivatives and swing pricing, he also serves as an instructor for related courses. Frédéric holds a degree from the University of Liège and is an active member of the Institut des Réviseurs d’Entreprises.
