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Listen "XOLARIS Market News N01 - Interview with Christian Minkus, FMA"
Episode Synopsis
Interview with Christian Minkus
As regards the future, it is important for us to
respond to the wishes and concerns of financial
intermediaries and to find joint solutions
Christian Minkus, Head of the Legal Section Securities und Markets Division
FMA, Financial Market Authority Liechtenstein
Dear Mr Minkus,
Even before the AIFMD was introduced, the Principality of Liechtenstein implemented the Directive in 2012. An article in the journal ZBB 2014, 22ff stated " ...the Principality of Liechtenstein is included because this EEA state has wrested the traditional role of "first mover...." from Luxembourg; it did this by adopting it in full in December 2012."
At XOLARIS, we are familiar with the issue of first movers and the associated risks. What motivated the FMA to take this step ahead of any other European country and in this way put Liechtenstein very clearly on the map?
Liechtenstein has close economic and social ties with its neighbours. It also was and, therefore, continues to be a concern that mutual market access should be made possible. As a member of the European Economic Area, Liechtenstein is also required to implement the European financial market regulatory regime into national law. The rapid, consistent and market-driven implementation of strategic EU regulations, such as the AIFMD Directive, creates certain competitive advantages and this precisely in sectors where markets are only just opening up. As a small country, Liechtenstein uses its inherent advantage of short distances. It is a very agile and innovative country and its fund centre strategy is a successful one.
more: https://www.yumpu.com/en/document/read/65724787/the-xolaris-market-news-n01
___
Follow us on LinkedIn for news and updates or send a message to @xolarisgroup or by e-mail to [email protected] for questions or support.
linktr.ee/xolaris_group
www.xol-group.com | XOLARIS AG | Austrasse 15, 9490 Vaduz
Tel. +423 265 056 0 | Fax +423 265 056 9 | Mail: [email protected]
Press Contact: Zoe Peffer | +49 7531 584 880 | [email protected]
As regards the future, it is important for us to
respond to the wishes and concerns of financial
intermediaries and to find joint solutions
Christian Minkus, Head of the Legal Section Securities und Markets Division
FMA, Financial Market Authority Liechtenstein
Dear Mr Minkus,
Even before the AIFMD was introduced, the Principality of Liechtenstein implemented the Directive in 2012. An article in the journal ZBB 2014, 22ff stated " ...the Principality of Liechtenstein is included because this EEA state has wrested the traditional role of "first mover...." from Luxembourg; it did this by adopting it in full in December 2012."
At XOLARIS, we are familiar with the issue of first movers and the associated risks. What motivated the FMA to take this step ahead of any other European country and in this way put Liechtenstein very clearly on the map?
Liechtenstein has close economic and social ties with its neighbours. It also was and, therefore, continues to be a concern that mutual market access should be made possible. As a member of the European Economic Area, Liechtenstein is also required to implement the European financial market regulatory regime into national law. The rapid, consistent and market-driven implementation of strategic EU regulations, such as the AIFMD Directive, creates certain competitive advantages and this precisely in sectors where markets are only just opening up. As a small country, Liechtenstein uses its inherent advantage of short distances. It is a very agile and innovative country and its fund centre strategy is a successful one.
more: https://www.yumpu.com/en/document/read/65724787/the-xolaris-market-news-n01
___
Follow us on LinkedIn for news and updates or send a message to @xolarisgroup or by e-mail to [email protected] for questions or support.
linktr.ee/xolaris_group
www.xol-group.com | XOLARIS AG | Austrasse 15, 9490 Vaduz
Tel. +423 265 056 0 | Fax +423 265 056 9 | Mail: [email protected]
Press Contact: Zoe Peffer | +49 7531 584 880 | [email protected]
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