CERHA HEMPEL Banking & Finance Partner Peter Knobl held two group training sessions for investment advisors at Liechtensteinische Landesbank (Österreich) AG, the first on 2 December 2021 and the second on 21 February 2022, as part of the further education programme of the Austrian Centre for Productivity and Efficiency (ÖPWZ). It is an advanced course on "Providing investment advice in accordance with MiFID II", but also covered the new requirements introduced by the MiFID II Quick Fix Directive 2021 and the sustainability requirements introduced by the acts amending the Commission Delegated Regulation and Directive under MiFID II 2021.
With assets under management of EUR 28 billion, Liechtensteinische Landesbank (Österreich) AG is the leading asset management bank in Austria. The bank's diversified business model is founded on three pillars: asset management and advisory services, fund and custodian bank services, and real estate investments. The LLB (Austria) is a wholly owned subsidiary of Liechtensteinische Landesbank AG, Vaduz, that benefits from its listed owner's resilience and best creditor rating (AA2). It was named Austria's best private bank by the "Börsianer" magazine in December 2020. Its CEO is focusing on growth, efficiency and sustainability as the core themes of private banking over the next five years.
CERHA HEMPEL Banking & Finance Partner Peter Knobl has addressed the issues he will be covering in the training courses in his most recent publications (The significance of and legal background under Union law to the code of conduct rules applicable under the Securities Supervision Act 2018, ÖBA 2018, 410; The code of conduct rules applicable under the Securities Supervision Act, ÖBA 2018, 460; The Securities Supervision Act 2018; The on-site availability of qualified advisers, ÖBA 2019, 806, as well as his commentary on Articles 12, 13 and 15 of the Market Abuse Regulation (market manipulation) in Gruber (ed.), Commentary on the Stock Exchange Act and the Market Abuse Regulation (2020)). His resume is available here.