|NewsThe FMA continues to provide international administrative assistance
The FMA continues to provide international administrative assistance
In its non-public meeting of 1 July 2014, the Constitutional Court of the Principality of Liechtenstein (StGH) found parts of the administrative assistance rules in the Financial Market Authority Act (FMA Act) to be unconstitutional and voided them. At the same time, the StGH deferred the legal effect of the ruling by one year from the date when the ruling was announced on 11 December 2014. The FMA is therefore able to continue providing international administrative assistance in accordance with current practice and the required standard. In cooperation with the Government, the FMA will develop an internationally recognized and constitutionally sound solution. The new rules must enter into effect by 11 December 2015 so that the FMA will be able to provide administrative assistance according to international standards without interruption.
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