News 2020

Priorities of supervision in 2021

For the purpose of an effective and efficient use of resources, in particular within the framework of risk-oriented supervision, as well as transparency vis-à-vis financial service providers, each year the FMA defines the priorities of its supervision.

FMA publishes Communication 2020/2

The Liechtenstein Financial Market Authority publishes its Communication 2020/2 on the valuation of assets in UCITS, AIFs, and investment undertakings.

Warning notice

The Financial Market Authority (FMA) Liechtenstein points out that there is no connection between the operators of the website https://aristo[dot]investments/ and Aristo Investment Management AG, Städtle 27, 9490 Vaduz, Commercial Register FL-0002.104.125-8.

Warning of clone firm

It is highly recommended not to use the website www[dot]general-european-finance[dot]com for financial services.

Notice: Lapse of a licence

The licence of Union Bank AG, Austrasse 46, 9490 Vaduz (FL-0002.303.567-3) to operate a bank lapsed due to written renunciation pursuant to Art. 27 para. 1 lit. c Banking Act by 11 August 2020.

FMA Guidelines 2017/18

The FMA Guidelines 2017/18 - Professional qualification and personal integrity of executive bodies and function holders - are available in English.

Notice: ETR AG

By order of 7 July 2020, the FMA prohibited ETR AG, Vaduz, from issuing e-money or accepting deposits and other repayable funds by notification of the decision in question and and ordered the repayment of the funds received.


ADCADA Investments AG PCC and ADCADA Immobilien AG PCC

Warning notice

ADCADA Investments AG PCC and und ADCADA International AG have not been licensed by the FMA as a financial intermediary

Warning notice

The operators of the website www(dot)financialpartners-ltd(dot)com/ are purporting to be a company domiciled in Vaduz.


The FMA orders enforced transfer of the insurance portfolio from Sikura Leben AG to Quantum Leben AG.

Warning notice

EXW Global AG has not been licensed by the FMA as a financial intermediary.