CSSF Circular 24/856 (amending Circular 02/77) on compliance breaches

• Members of risk team at management company/AIFM level
• Members of oversight team at management company/AIFM level
• Investment compliance team at administrative agent/depositary

As part of this course, PwC Academy presents the new requirements of the CSSF circular 24/856 on investment compliance breaches. This topic will be addressed in a theoretical and practical way to cover all questions participants may have.

By the end of this training, the participants will be able to:

• understand the key concepts related to the circular 24/856 with a focus on the investment compliance breaches;
• understand the procedures applicable in case of investment compliance breaches;
• explain the key points of the circular to the other employees and how to treat the investment compliance breaches detected;
• test their expertise on concrete cases

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 investment compliance breaches

Practical part:

• Illustration with practical examples (ie. Impact calculation, review of different methods,…)

This training is interactive and includes practical points and concrete examples.

This training is coordinated by Frédéric Botteman, Partner at PwC Luxembourg, and will be given 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.