Series 79: 8.2.3. Electronic Delivery Of Prospectuses

8.2.3. Electronic Delivery of Prospectuses

According to the SEC, a company may provide investors electronic access to prospectuses (as well as other documents, such as shareholder reports and proxy solicitations) as a means of fulfilling its requirement to deliver these documents, if the electronic access satisfies the following conditions:

Customer Consent. The customer must consent to receive the documents in an electronic format. The consent may be in paper or electronic format and can be revoked at any time. The consent should include the electronic medium (email, internet access), the type of document (prospectus), the time period of the consent, the costs associated with download, and instructions about how to revoke consent. If consent is obtained via telephone, a written record of that consent must be retained.

Same Content. The content of the electronic docume