5.6 Company Prospectus

The document: the public invitation's instrument — the offer of shares or debentures to the public (the public issue's disclosure document): the company's-and-the issue's facts (the business, the management, the finances, the risks, the use of proceeds, the terms). The discipline (the disclosure's law): the prospectus's registration-and-scrutiny (the SEBON regime for the public issues — Unit 8.5's regulator; the OCR's registration face); the contents' requirements (the Act's- and-the securities law's schedules); the liability for misstatement (the false-or-misleading statement's liability — the civil liability to the subscriber (the rescission-or-damages faces) and the criminal liability's sanction (the fraud's reach — the Unity Life era's lessons)); the "deemed prospectus" and the offer-document faces (the intermediation's disciplines). The prospectus as the investor-protection law's cornerstone: the full-and-fair disclosure on which the market's trust is built.