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Ordinance on Investment Undertakings (Investment Undertakings ...

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4) The representative and the paying agent shall be named in every<br />

publicati<strong>on</strong>. The powers according to paragraphs 1 and 2 may not be limited.<br />

5) The representative and the paying agent shall be resp<strong>on</strong>sible for the<br />

publicati<strong>on</strong> of all new editi<strong>on</strong>s, any changes to the documents corresp<strong>on</strong>ding<br />

to the full prospectus, and the net asset values.<br />

6) Even after cancellati<strong>on</strong> of the representati<strong>on</strong> and paying agent<br />

agreement, the place of performance and the jurisdicti<strong>on</strong>al venue according<br />

to article 107 of the Act shall be maintained.<br />

Article 89<br />

Marketing of units of investment undertakings not in c<strong>on</strong>formity with the<br />

Directive in Liechtenstein<br />

1) The marketing of units of investment undertakings not in c<strong>on</strong>formity<br />

with the Directive in Liechtenstein may be taken up immediately<br />

up<strong>on</strong> grant of the license in accordance with article 93, paragraph 1 of the<br />

Act.<br />

2) The licensing c<strong>on</strong>diti<strong>on</strong>s according to article 93, paragraph 2 of the<br />

Act must be fulfilled <strong>on</strong> a c<strong>on</strong>tinuous basis.<br />

3) The applicant must submit the complete applicati<strong>on</strong> materials to<br />

the FMA in accordance with the FMA instructi<strong>on</strong>s. The FMA shall issue<br />

a c<strong>on</strong>firmati<strong>on</strong> of receipt.<br />

Article 90<br />

Marketing of units of investment undertakings from third States in<br />

Liechtenstein<br />

1) The marketing of units of investment undertakings from third<br />

States in Liechtenstein may be taken up immediately up<strong>on</strong> grant of the<br />

license in accordance with article 94, paragraph 1 of the Act.<br />

2) The licensing c<strong>on</strong>diti<strong>on</strong>s according to article 94, paragraph 2 of the<br />

Act must be fulfilled <strong>on</strong> a c<strong>on</strong>tinuous basis.<br />

3) The applicant must submit the complete applicati<strong>on</strong> materials to<br />

the FMA in accordance with the FMA instructi<strong>on</strong>s. The FMA shall issue<br />

a c<strong>on</strong>firmati<strong>on</strong> of receipt.<br />

54

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