Ordinance on Investment Undertakings (Investment Undertakings ...

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4) The representative and the paying agent shall be named in every publication. The powers according to paragraphs 1 and 2 may not be limited. 5) The representative and the paying agent shall be responsible for the publication of all new editions, any changes to the documents corresponding to the full prospectus, and the net asset values. 6) Even after cancellation of the representation and paying agent agreement, the place of performance and the jurisdictional venue according to article 107 of the Act shall be maintained. Article 89 Marketing of units of investment undertakings not in conformity with the Directive in Liechtenstein 1) The marketing of units of investment undertakings not in conformity with the Directive in Liechtenstein may be taken up immediately upon grant of the license in accordance with article 93, paragraph 1 of the Act. 2) The licensing conditions according to article 93, paragraph 2 of the Act must be fulfilled on a continuous basis. 3) The applicant must submit the complete application materials to the FMA in accordance with the FMA instructions. The FMA shall issue a confirmation of receipt. Article 90 Marketing of units of investment undertakings from third States in Liechtenstein 1) The marketing of units of investment undertakings from third States in Liechtenstein may be taken up immediately upon grant of the license in accordance with article 94, paragraph 1 of the Act. 2) The licensing conditions according to article 94, paragraph 2 of the Act must be fulfilled on a continuous basis. 3) The applicant must submit the complete application materials to the FMA in accordance with the FMA instructions. The FMA shall issue a confirmation of receipt. 54
V. Supervision of management companies and investment undertakings A. Financial Market Supervision (FMA) Article 91 Directories 1) The FMA shall compile a separate directory for the following entities licensed in Liechtenstein: a) management companies; b) investment undertakings; c) (depositary) banks; and d) recognized external audit offices. 2) The directories shall be made available to interested parties in an appropriate manner. Article 92 Extraordinary audits 1) The FMA may itself mandate a recognized external audit office to conduct an extraordinary audit pursuant to article 96, paragraph 2, subparagraph (b) of the Act. 2) The FMA may demand an advance payment from the investment undertaking. B. Audit offices Article 93 Grant and withdrawal of license 1) The license to operate as an external audit office of investment undertakings shall be granted if the conditions according to article 97 of the Act and articles 94 to 96 of this <strong>Ordinance</strong> are fulfilled. 55
Page 1 and 2:
Ordinance of 23 Au
Page 3 and 4: tractually governed forward transac
Page 5 and 6: Article 8 Name 1) The name of an in
Page 7 and 8: a) the full prospectuses so provide
Page 9 and 10: 5. Business report, half-yearly rep
Page 11 and 12: Article 20 Business report and half
Page 13 and 14: Article 23 Quarterly reporting 1) T
Page 15 and 16: thorize additional cancellation dea
Page 17 and 18: 5) Amendments to the prospectus for
Page 19 and 20: 1. accounting services required by
Page 21 and 22: pecially in the event of insolvency
Page 23 and 24: D. Investment rules 1. Investment u
Page 25 and 26: ments), if they are permissible as
Page 27 and 28: nized international accounting prov
Page 29 and 30: article 39 and article 43, paragrap
Page 31 and 32: ) Special limitations Article 45 In
Page 33 and 34: creditworthiness risk, etc.), an in
Page 35 and 36: term loans for repaying units, up t
Page 37 and 38: Article 55 Special requirements 1)
Page 39 and 40: Article 58 Securing liabilities 1)
Page 41 and 42: considered unsegmented. All documen
Page 43 and 44: Article 68 Forms With respect to se
Page 45 and 46: Article 72 Volume and term 1) If it
Page 47 and 48: Article 78 Special obligations of t
Page 49 and 50: m) a confirmation by the Office of
Page 51 and 52: 4) The organization, in particular
Page 53: Article 87 b) Equity position If th
Page 57 and 58: Article 95 Foreign audit offices A
Page 59 and 60: a) the accounts are being kept prop
Page 61 and 62: a) the accuracy of the business and
Page 63 and 64: ) the information concerning issue,
Page 65 and 66: Minimum content of the full prospec
Page 67 and 68: *2.1 designation or company name, d
Page 69 and 70: 4.2 main activity. 5 Information on
Page 71 and 72: 2.5 profile of the typical investor
Page 73 and 74: niques and instruments, especially
Page 75 and 76: 2. Off-balance-sheet operations The
Page 77 and 78: 6. Number of units in circulation 6
Page 79 and 80: 1.4.2 buildings on which constructi
Page 81 and 82: 5. Change of net assets For each in
Page 83: account. 83
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