(1) Prior to a retail client signing an investment agreement to open an account with an investment firm, an investment firm shall provide the retail client with a Client Assets Key Information Document, which shall be -
(a) written in a language and a style that is clear, succinct and comprehensible,
(b) a separate and stand-alone document to any other document,
(c) accurate and relevant, and
(d) provided in a durable medium.
(2) The Client Assets Key Information Document shall provide -
(a) an explanation of the key features of the regulatory regime that applies to the safeguarding of client assets,
(b) an explanation of what constitutes client assets under that regime,
(c) the circumstances in which that regime applies and does not apply,
(d) an explanation of the circumstances in which the investment firm will hold client assets itself, deposit client assets with a third party and deposit client assets with a third party outside the State,
(e) the arrangements applying to the h