In addition to other established financial service providers, asset management companies are some of the key Liechtenstein financial centre players. The Asset Management Act (Vermögensverwaltungsgesetz – “VVG”) came into force on 1 January 2006. This act forms the basis for asset management companies to operate as new, internationally recognised financial intermediaries. The Liechtenstein Financial Market Authority ("FMA")
monitors the execution of the Asset Management Act and the associated Ordinance (“VVO”) as well as adherence to the regulations, and takes all necessary measures. On 31 December 2012 there were 109 licensed asset management companies operating in Liechtenstein.