Yesterday, CERHA HEMPEL partner Peter Knobl gave an in-house training course entitled 'Deepening your Knowledge regarding the Provision of Investment Advice under MiFID II and Civil Law' as part of the courses offered by the Austrian Centre for Productivity and Efficiency (ÖPWZ). Targeted at EIP® graduates of Liechtensteinische Landesbank (Österreich) AG, the interactive course dealt with the legal requirements for providing investment advice under MiFID II and civil law. It focused on the three legal changes for the provision of investment advice that were all introduced in 2022 due to the implementation of the MiFID II Quick Fix Directive and due to EU sustainability related legislation amending MiFID II. The training session was rounded off with an overview of envisaged amendments of EU law in light of the European Commission’s Retail Investment Strategy. Packed with up-to-date and practically relevant information, the course was extremely well received by practitioners and the discussion that followed was very lively.
With assets under management of EUR 33 billion (as of 31 December 2021), Liechtensteinische Landesbank (Österreich) AG is one of the leading asset management banks 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 owner's stability and best creditor status. Its CEO is focussed on growth, efficiency and sustainability as the core themes of private banking.
A second training session will be held on 6 December 2022."