The Association of Independent Asset Managers in Liechtenstein organized a compliance workshop in conjunction with the Liechtenstein Financial Market Authority (FMA). The participating asset management firms were brought up to date on the FMA’s current key audit focuses.

In a press release issued by the Association of Independent Asset Managers in Liechtenstein (Verein unabhängiger Vermögensverwalter in Liechtenstein – VuVL), President Fredy Wolfinger commented: “We wanted our members to learn all about the key audit focuses for 2019 at first hand. We are delighted that the joint workshop with the FMA was met with such huge interest among our members”.
According to the press release, the compliance workshop held last Friday saw numerous asset management companies take part. Four speakers from the FMA discussed the key focal points for the upcoming audit season for the 2019 financial year. In this context, Franz-Anton Steurer highlighted key issues with regard to the key audit focuses from the 2018 financial year. Reto Degen spoke about cost transparency in addition to providing information and reporting to customers. In her comments, Agnes Gehrer-Wachter concentrated on the perception of suitability and adequacy, while Josef Meusburger used his speech to discuss the issue of product monitoring.
Following the talks held by the FMA representatives, Stephan Ochsner, Secretariat Director of the VuVL, brought the attendees up to date on changes to due diligence and compliance laws that must be taken into account in future. To conclude the event, the participants were afforded the opportunity to ask the speakers any questions that had possibly not been covered up to this point.

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