Government creates further planning security for the cooperation with counterparties from the United Kingdom
At its meeting on Tuesday, 5 July 2022, the Liechtenstein Government lifted the time limit provided for in Art. 35c of the Banking Ordinance. The lifting of this time limit ensures that banks and investment firms domiciled in the United Kingdom of Great Britain and Northern Ireland can continue to provide investment services and ancillary services to eligible counterparties or professional clients (such as banks) in Liechtenstein after 31 December 2022.
Numerous UK firms have already registered with the FMA by the end of 2020. For all these firms, there is no need for further action as the existing registration (until the entry into force of an EU equivalence decision in relation to the legal and supervisory framework of the United Kingdom of Great Britain and Northern Ireland within the EEA) will remain in place.
The regulation amendment has already entered into force on Saturday, 9 July 2022.
You can find more information in the government's press release.
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