Art. 58 Key Information Document for Financial Instruments Duty
1 Where a financial instrument is offered to retail clients, the producer must first produce a key information document.
2 It is not required to prepare a key information document for financial instruments which may be acquired for retail clients solely within the scope of a portfolio management agreement.
3 The Federal Council may designate qualified third parties to whom the preparation of the key information document may be assigned. The producer shall remain liable for the completeness and accuracy of the details in the key information document, as well as for compliance with the duties set out in Chapters 2 to 4 (Articles 58 to 68).
4 If financial instruments are offered to retail clients on the basis of indicative details, at least a draft version of the key information document with the relevant indicative information is to be prepared.