Regulatory Alerts2024-03-29
Added · Updated
Circular CSSF 24/856 — Protection of investors in case of an NAV calculation error, an instance of non-compliance with the investment rules and other errors at UCI level
The Commission de Surveillance du Secteur Financier issued Circular CSSF 24/856 to establish regulatory requirements for protecting investors when Undertakings for Collective Investment experience NAV calculation errors or non-compliance with investment rules. This circular supersedes the previous Circular CSSF 02/77 and mandates specific procedures for identifying, reporting, and correcting the consequences of such errors at the UCI level. The regulation ensures that investors are compensated or protected against financial losses resulting from these operational or compliance failures.
Published on 29 March 2024
Email this
Share this on LinkedIn
Share this on Facebook
CSSF circular
Protection of investors in case of an NAV calculation error, an instance of non-compliance with the investment rules and other errors at UCI level
PDF (492.78Kb)
PDF (444.38Kb)
Related documents
31 December 2024
Updated on 17 July 2025
UCI notification in accordance with Circular CSSF 24/856
Practical and technical guidance Version 1.2
PDF (974.23Kb)
13 February 2025
UCI notification in accordance with Circular CSSF 24/856
Lien
Link
24 December 2024
FAQ on Circular CSSF 24/856
Version 1
PDF (174.47Kb)
27 November 2002
Archived on 1 January 2025
Circular CSSF 02/77 repealed by Circular CSSF 24/856
Protection of investors in case of NAV calculation error and correction of the consequences resulting from non-compliance with the investment rules applicable to undertakings for collective investment
PDF (207.67Kb)
PDF (232.57Kb)