The Liechtenstein Financial Market Authority has amended its guidelines to reflect the requirements of Directive (EU) 2019/2034 (Investment Firm Directive, IFD), updating several sections and introducing new provisions considered increasingly relevant for supervision. The update revises points 1, 3.2, 3.3 and 4.1 to take account of the IFD, adds new points 5.5 to 5.8, and further specifies points 5.1, 5.4, 6.1 and 8.1. The guidelines have also been adapted to the FMA’s current format.
Liechtenstein Financial Market Authority 2025-06-16
Liechtenstein Financial Market Authority updates guidelines to align with the EU Investment Firm Directive and adds new supervisory provisions
The Liechtenstein Financial Market Authority has updated its guidelines to align with Directive (EU) 2019/2034 (Investment Firm Directive, IFD), revising and adding several sections for enhanced supervision. Key changes include updates to points 1, 3.2, 3.3, and 4.1, new provisions in points 5.5 to 5.8, and further specifications in points 5.1, 5.4, 6.1, and 8.1. The guidelines have also been reformatted to match the FMA's current standards.