"From Mifid to Emir and Fatca to the AEOI"

International challenges for the Liechtenstein financial center were discussed at the PricewaterhouseCoopers Financial Apéro in Vaduz. Adrian Bissegger explained the EU Markets in Financial Instruments Directive (Mifid II), which is intended to strengthen investor protection and market integration by 2017 and will have an impact on trading strategies. Mattias Fürstenberger shed light on the European Market Infrastructure Regulation (Emir) and its impact on derivatives trading. Marco Felder, former head of the Liechtenstein Tax Administration, spoke about the automatic exchange of information (AEOI) and emphasized the importance of Fatca as a pioneer. Fatca, which is due to come into force in 2014, comprehensively records US client data and serves as a catalyst for the AEOI in the EU. Felder advised registering on the IRS portal by April in order to avoid uncertainties. He also presented the OECD CRS standard, which will regulate the exchange of information between intermediaries and tax authorities from 2016.

Topics in the publication

• International financial regulations
• Mifid II
• Emir
• Fatca
• Automatic Exchange of Information (AEOI)
• OECD Common Reporting Standard (CRS)