4.1.6.3. Final Prospectus
The final prospectus is the document that is used to register the security. It is also used as a disclosure document for investors who purchase the security. Ten copies of the final prospectus must be filed with the SEC before it is first used (five copies each for investment companies and business development companies).
The content requirements for a final prospectus can be found in two regulations: Regulation S-K and Regulation S-X.
Regulation S-K was adopted in 1982 to integrate disclosure rules under the Securities Act and Exchange Act. It includes instructions for narrative disclosure, and under its terms, a final prospectus must contain the information listed under registration statement requirements.
Regulation S-X describes financial information that must appear