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Fyi - CSSF - The CSSF issues the new FAQ on Circular CSSF 24/856 concerning the 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 Further details are available below 👇🏻 https://lnkd.in/dB52jsZD Palana #NAVerror #NAVcalculation #compliance #UCI #investorsprotection

⏰#Regulatory update in #Luxembourg! The CSSF Circular 24/856 has been released and will take effect from January 1st, 2025.📅 The circular is safeguarding investors against NAV calculation errors and ensuring compliance with investment regulations via: 🔍 Expanded scope of funds to include SIFs and SICARs. 👥 Clearly defined responsibilities for stakeholders, including depositaries and administrators. 💼 Materiality thresholds reviewed and detailed according to fund types. The circular (link in comments) serves as a call to action for #depositaries, #mancos, and #fundadministrators to reassess their operating models and ensure they have the right technical solutions to fulfil their duties. Looking for the perfect solution? Look no further than #Depowise! Our full NAV reconciliation & Oversight module offers the comfort and assurance needed to maintain accuracy and operational efficiency. 🚀 Check it out here: https://bit.ly/Full-NAV Don't hesitate to reach out to discuss how we can best support you!

👉 #Luxembourg is shaking things up with #Regulation! The CSSF Circular 24/856 is here and will kick in on January 1st, 2025.📅 The circular aims to protect investors from #NAV calculation errors and ensure compliance with investment regulations by: 🔍 Broadening the scope of funds to cover SIFs and SICARs. 👥 Assigning clear roles and responsibilities for stakeholders, including depositaries and administrators. 💼 Setting materiality thresholds according to fund types. The circular (link in comments) is a wake-up call for #depositaries, #mancos and #fundadministrators to review their operating models and make sure they have the right technical solutions to do their jobs. Need the ideal solution? Look no more than Depowise ! Our full NAV reconciliation & Oversight module gives you the confidence and assurance you need to keep accuracy and operational efficiency: https://bit.ly/Full-NAV 🚀  Get in touch to talk about how we can best help you!

⏰#Regulatory update in #Luxembourg! The CSSF Circular 24/856 has been released and will take effect from January 1st, 2025.📅 The circular is safeguarding investors against NAV calculation errors and ensuring compliance with investment regulations via: 🔍 Expanded scope of funds to include SIFs and SICARs. 👥 Clearly defined responsibilities for stakeholders, including depositaries and administrators. 💼 Materiality thresholds reviewed and detailed according to fund types. The circular  (link in comments) serves as a call to action for #depositaries, #managementcompanies, and #fundadministrators to reassess their operating models and ensure they have the right technical solutions in place to fulfill their duties. Looking for the perfect solution? Look no further than #Depowise! Our full NAV reconciliation & Oversight module offers the comfort and assurance needed to maintain accuracy and operational efficiency. 🚀 Check it out here: https://bit.ly/Full-NAV Don't hesitate to reach out to discuss how we can best support you!

Default loss guarantees - capital treatment for the guarantor and the beneficiary, expected credit losses for the guarantor and the beneficiary, provisioning for the guarantor and the beneficiary, and accounting implications - explained in this brief write up: https://lnkd.in/dsk6_d47

The CSSF issues the new FAQ on Circular CSSF 24/856 concerning the 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.

#JPN225 Disclaimer: All my posts are provided just for your reading pleasure. If you decide to rely on them for any purpose whatsoever, I will not be held liable, and you do so at your own risk. This is just an example for demonstration purposes of what can be done using the Excel application. ----------------------------TradingAdvisor 3.0.5------------------------------- example developed in-garage, for further details contact me via Linkedin messaging, thank you. Current operations: Long open Trades: 0 Short open Trades: 1 Note: Gros and Net Total Equity are for single stock, SMA are plotted at the end using the values of the two best time frames for indicative purposes only

#IFRS9 Shortcut 1. Just check whether we have any obligation to pay i.e sale of goods with buying option, issue of redeemable loan notes 2. Understand the double entry i.e buyers side recognize the financial asset for the purchases of the instruments. 3. Note the key differences when recognizing the financial asset i.e initial recognition should be Fair Value including the transaction cost unless the same is recognized in the income statement(in this case the transaction cost is written off) 4. Not that for the financial liabilities they are recognized less the transaction costs and gains and losses are recognized in the income statement. 5. On derecognition of the instruments i.e once cleared, the gains and losses are recognized in the P&L

#JPN225 Disclaimer: All my posts are provided just for your reading pleasure. If you decide to rely on them for any purpose whatsoever, I will not be held liable, and you do so at your own risk. This is just an example for demonstration purposes of what can be done using the Excel application. ----------------------------TradingAdvisor 3.0.5------------------------------- example developed in-garage, for further details contact me via Linkedin messaging, thank you. Current operations: Long open Trades: 1 Short open Trades: 1 Note: Gros and Net Total Equity are for single stock, SMA are plotted at the end using the values of the two best time frames for indicative purposes only

#JPN225 Disclaimer: All my posts are provided just for your reading pleasure. If you decide to rely on them for any purpose whatsoever, I will not be held liable, and you do so at your own risk. This is just an example for demonstration purposes of what can be done using the Excel application. ----------------------------TradingAdvisor 3.0.5------------------------------- example developed in-garage, for further details contact me via Linkedin messaging, thank you. Current operations: Long open Trades: 0 Short open Trades: 1 Note: Gros and Net Total Equity are for single stock, SMA are plotted at the end using the values of the two best time frames for indicative purposes only