The "Fondsplatz Liechtenstein" project is making progress. The government has adopted new regulations concerning the implementation of the Investment Undertakings Act.
The government has adopted new regulations that are further connected to the implementation of the new Investment Undertakings Act (IUA), which has already been passed, according to a press release. The move concerns the Investment Undertakings Ordinance (IUV), as well as regulations on the Alternative Investment Fund Managers (AIFMV) amendment, Occupational Pensions law (BPVG), Commercial Register (HRV), Tax Ordinance (SteV) and Financial Services and Arbitration Boards (FSV).
The IUA recognises four national categories of investment undertakings, writes the press release: investment undertakings for single investors, families, lobby groups and corporate groups. These investment undertakings are designed to facilitate both progress in existing business models, as well as new opportunities for the fund industry. The regulations will come into force at the same time as the new IUA, strengthening parametres for activities in the Liechtenstein fund centre, announced the government in an earlier press release. The legislative package was developed within the "Fondsplatz Liechtenstein" project. The new Investment Undertakings Act fulfils a long-standing wish of the fund industry.