Act 2024
Gesetz vom 5. Dezember 2024 über die Tätigkeit und Beaufsichtigung von Banken, Finanzholdinggesellschaften und gemischten Finanzholdinggesellschaften (Bankengesetz; BankG) (Banking Act)
Issued by Finanzmarktaufsicht Liechtenstein
Plain-English summary
Governs the licensing and supervision of banks and financial holding companies. Its stated purpose is to protect creditors and investors, preserve trust in the banking system and maintain financial stability. Banks need an FMA licence before starting operations (Art. 16) and unlicensed commercial banking is prohibited (Art. 7).
Who it applies to
Banking
Topics
Prudential & Capital
Obligations arising from this law or regulation
| Obligation | Timing | Regulator | Source | Detail |
|---|---|---|---|---|
| Bank licence before starting operations | Deadline Before starting operations | FMA | source | |
Art. 16(1) BankG requires banks to hold an FMA licence before starting operations. Art. 7 prohibits commercial banking business without a licence, and Art. 33 requires the FMA to withdraw a bank licence in the cases it lists, such as business not started within one year or a licence obtained through false statements. |
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| No obligations match these filters. | ||||
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