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Article: Asset Management in Liechtenstein and Free Movement of Services Within the European Union.

Article from:
Mondaq Business Briefing
Article date:
December 20, 2005
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Liechtenstein will enact the new law on asset management (VVG) as at 1 January 2006. This makes Liechtenstein fully compliant with the EU Directives 2004/39/EG of the European Parliament and European Council dd. 21 April 2004 on markets for financial instruments (to amend earlier EU Directives 85/611/EWG and 93/6/EWG and 2000/12/EG and to cancel the EU Directives 93/22/EWG).

This enables any asset manager - contrary to the asset managers in Switzerland - to be active from within Liechtenstein in (e.g.) Germany or Italy as an asset manager without having any subsidiary or branch in the respective country, and without applying for a new license in the respective ...

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