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

How long does the training course last?

2,00 hours(s)

In which language(s) is the training course taught?

EN FR

When will the next session take place?

Who is organising this training course?

PwC Academy leverages PwC’s expertise to deliver world-class learning experiences to organizations across all industries and regions. Our objective is to help professionals develop their knowledge, skills, competencies, and expertise, enabling them to support and drive the growth of their organizations.

Who is the training course aimed at?

Members of risk team at management company/AIFM level
Members of oversight team at management company/AIFM level

What are the aims or the skills being targeted?

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).

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.

What does the training course cover?

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.

What other information is useful to know?

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.