Series 79: Access Equals Delivery

Taken from our FINRA Investment Banking Exam

Definition of the term Access Equals Delivery...

a prospectus-delivery option introduced in SEC Rule 172, which allows some final prospectuses to be “delivered” to investors by filing them with the SEC, thereby making them publicly available on EDGAR. This option is available only for final prospectuses, and then only if certain conditions are met. The same phrase is sometimes used in reference to other electronic methods of document delivery, but it primarily refers to final prospectus delivery via EDGAR under Rule 172.

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