Key laws
| Law | Content | Source (German) |
|---|---|---|
| Asset Management Act (VVG) | licensing, organisation and supervision of asset management companies | gesetze.li, LR 950.4 |
| Due Diligence Act (SPG) | professional due diligence to combat money laundering and terrorist financing | gesetze.li, LR 952.1 |
| Financial Market Supervision Act (FMAG) | organisation and tasks of the FMA | gesetze.li, LR 952.3 |
The FMA explains licensing, registers and ongoing supervision on its pages on asset management companies.
What this means for asset managers in Liechtenstein
- 1Obtain the licencethe licence as an asset management company is in place before the activity starts.
- 2Build the organisationset up executive management, compliance and risk management in line with the VVG and EEA requirements.
- 3Implement due diligenceidentification, beneficial owners, risk-based monitoring and documentation under the SPG; define responsibilities clearly.
- 4Maintain the internal control systemintegrate EEA requirements such as DORA on digital operational resilience.
- ✓Work with the FMA in a planned wayprepare reports, notifications and audits early.
How Peak Compliance supports you
- Compliance and risk management: Peak Compliance takes over the function – compliance outsourcing Liechtenstein.
- Licensing: support with the FMA procedure at a fixed price after a needs analysis – asset management company licence in Liechtenstein.
- Experience: mandates with FMA-supervised asset managers; experience with licensing procedures at FINMA and the FMA.
- In practice: for example on external research in portfolio management in Liechtenstein. Swiss AML duties are covered in the AML hub.
Articles on Liechtenstein
Active in Liechtenstein and looking to organise compliance and licensing with one partner? Talk to us.
At a glance
- Supervisor: Financial Market Authority Liechtenstein (FMA), under the Financial Market Supervision Act (FMAG).
- Who: asset management companies and other entities subject to due diligence in Liechtenstein.
- Core topics: licensing and organisation under the VVG, due diligence under the SPG, EEA financial market law.
Frequently asked questions
Who supervises asset managers in Liechtenstein?
The Financial Market Authority Liechtenstein (FMA) is responsible under the Financial Market Supervision Act (FMAG). It grants the licence as an asset management company and carries out ongoing supervision directly; unlike in Switzerland, no supervisory organisation is involved. Peak Compliance supports asset managers in both phases.
What does the Asset Management Act (VVG) govern?
The VVG governs the licensing, organisation and supervision of asset management companies in Liechtenstein. As an EEA member, Liechtenstein also applies European financial market law such as MiFID II. Peak Compliance supports the licence at a fixed price after a needs analysis.
Which duties follow from the Due Diligence Act (SPG)?
The SPG sets out professional due diligence duties to combat money laundering and terrorist financing, such as identification, establishing the beneficial owner, risk-based monitoring and documentation. Peak Compliance implements these duties as part of compliance outsourcing in Liechtenstein.
Is Peak Compliance based in Vaduz?
Peak Compliance AG has its registered office in Zurich and serves mandates in Switzerland and Liechtenstein. In Vaduz, Peak Compliance maintains a postal address. Contact details are on the contact page.
