CSSF Update – New Circular on NAV Error – CSSF Circular 24/856
The New CSSF Circular 24/856 replacing Circular 02/77 as from 1st of January 2025, introduces changes on the following main points :
– Responsability of UCI’s governing body to prevent errors/non-compliance
– Implementation of New Errors
– Obligation of the responsible person to compensate the fund for the errors occured
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