CoRoT 223992193: Investigating the variability in a low-mass, pre-main sequence eclipsing binary with evidence of a circumbinary diskAuthors:Gillen et alAbstract:CoRoT 223992193 is the only known low-mass, pre-main sequence eclipsing binary that shows evidence of a circumbinary disk. The system displays complex photometric and spectroscopic variability over a range of timescales and wavelengths. Using two optical CoRoT runs, and infrared Spitzer 3.6 and 4.5 μm observations (simultaneous with the second CoRoT run), we model the out-of-eclipse light curves. The large scale structure in both CoRoT light curves is consistent with the constructive and destructive interference of starspot signals at two slightly different periods. Using the stellar vsini 's, we infer different rotation periods: the primary is consistent with synchronisation and the secondary is slightly supersynchronous. Comparison of the raw data to the residuals of our spot model in colour-magnitude space indicates additional contributions consistent with variable dust emission and obscuration. We also identify short-duration flux dips preceding secondary eclipse in all three CoRoT and Spitzer bands. We construct a model of the inner regions of the binary and propose that these dips could be caused by partial occultation of the central binary by the accretion stream onto the primary star. Analysis of 15 VLT/FLAMES Hα profiles reveal an emission profile associated with each star: the majority is consistent with chromospheric emission but higher velocity emission is also seen, which could be due to prominences or accretion-related phenomena. In addition, simultaneous u and r-band observations from CFHT/MEGACam reveal a short-lived u-band excess consistent with either an accretion hot spot or stellar flare. The photometric and spectroscopic variations are complex but are consistent with the picture of two active stars possibly undergoing non-steady, low-level accretion; the system's very high inclination provides a new view of such variability.