Short Form Prospectus Distribution System - SFPDS

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Dictionary Says

Definition of 'Short Form Prospectus Distribution System - SFPDS'

A system that allows firms making an issue to produce a short form prospectus. The short form prospectus must contain any material changes not previously reported.
Investopedia Says

Investopedia explains 'Short Form Prospectus Distribution System - SFPDS'

There are some issuers who continuously disclose information, and they have the opportunity to use the SFPDS. This system is quicker and more cost effective than the conventional means of distributing a prospectus.

Related Definitions

  • Prospectus

    A formal legal document, which is required by and filed with the Securities and Exchange Commission, that provides details about an investment offering for sale to the public. A ...
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  • New Issue

    A reference to a security that has been registered, issued and is being sold on a market to the public for the first time. New issues are sometimes referred to as primary shares or new ...
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  • Issuer

    A legal entity that develops, registers and sells securities for the purpose of financing its operations. Issuers may be domestic or foreign governments, corporations or investment ...
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    • Material News

      News released by a company that might affect the value of its securities or influence investors' decisions. Also known as "materiality."
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