Financial Market Authority Enforces Strict Regulations in Liechtenstein

Vigilant Regulation Maintains Stability in Principality’s Financial Sector

VADUZ - The Liechtenstein financial sector has weathered the challenges of recent years, thanks in large part to the tireless efforts of the Financial Market Authority (FMA). In its 2023 Economic Report, the FMA highlights the importance of stringent regulations in maintaining a stable financial sector.

Stringent Regulations Result in Significant Reductions

• The FMA’s proactive approach to enforcement has led to significant reductions in market manipulation and insider trading.
• In the past year alone, the authority initiated 88 administrative proceedings and concluded 192 ongoing investigations, imposing fines totaling CHF 1,489,500.

Action Against Suspicious Activities

The FMA took action against suspicious activities, filing nine criminal complaints with the public prosecutor’s office. These allegations included:

• Market abuse
• Unauthorized deposit acceptance
• Insider trading
• Trademark infringement

Development of New Regulations

In addition to its enforcement efforts, the FMA has been tasked by the government to develop new regulations governing securities trading, digitalization, and cryptocurrency transactions.

• A revised version of the Financial Market Act is expected to come into effect on January 1, 2025.
• The new regulations will further solidify Liechtenstein’s position as a secure and reliable financial hub.

Conclusion

By prioritizing regulatory enforcement and innovation, the FMA has played a crucial role in maintaining the stability of Liechtenstein’s financial sector. As the authority continues to evolve and adapt to changing market conditions, consumers can be confident that their interests are protected by a robust regulatory framework.