The reviewing body may approve a prospectus produced under foreign legislation if:
it was produced in accordance with international standards established by international organisations of securities regulators; and
the duty to inform, including with regard to providing financial information, is equivalent to the requirements set out in this Act; audited individual financial statements are not required.
It may provide that prospectuses approved in certain jurisdictions are considered approved in Switzerland too.
It shall publish a list of countries whose prospectus approval is recognised in Switzerland.
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