Holding Restrictions - Investment Funds - Liechtenstein


Restrictions on customers

Ultimate beneficial owners and customers who are domiciled in Liechtenstein are not allowed to hold securities in Liechtenstein Investment Funds on the Register market through CBL.

Certain funds may also impose specific restrictions on investor domicile. Customers must refer to and abide by the restrictions (if any) contained in the fund documents before entering into transactions.

Restrictions on settlement

There is no general restriction on settlement on Liechtenstein investment funds through CBL. However, certain funds may impose specific settlement/transfer restrictions. Customers must refer to and abide by the restrictions (if any) contained in the fund prospectus before entering into transactions.


The information contained in the Holding Restrictions is based on the legal opinion obtained by CBL that was issued on 26 February 2019. CBL believes the information to be correct as of that date but disclaims any responsibility as to the accuracy and completeness of the information after that date. In the case of discrepancy between the information provided by CBL and the local laws and regulations, the latter shall prevail. The Holding Restrictions do not constitute legal advice and customers should seek advice from independent professional counsel.

Customers are responsible for ensuring compliance with the holding restrictions and agree to indemnify and hold harmless CBL, for any loss, expense, liability, damage or claims, whether direct or indirect, against or incurred by CBL arising out of or resulting from such non-compliance.