CSSF Circular 24/856 (amending Circular 02/77) on NAV errors

As part of this course, PwC's 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).

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.

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
• This training is interactive and includes practical points.

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, 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.