A Prospectus is a formal legal document that is required by and filed with Stock Exchange Authorities and Regulators that provides details about an investment offering for sale to the public. See Initial Public Offering (IPO).
The prospectus is the first offering document provided by a company and includes most of the details of the business and legal structures. An investment Company Prospectus contains details on its objective, investment strategy, risks, performance, distribution policy, fees and expenses and fund management.