A type of prospectus that consists of all the salient feature of a prospectus. It constitutes a shorter version of the prospectus that includes all the most key elements of the typical prospectus. An abridged prospectus contains information very similar to the typical prospectus but in a concise and compact form. Both versions of the prospectus must comply with the disclosure requirements prescribed by the relevant securities commission. As it is compiled and issued in a concise and compact manner, an abridged prospectus can potentially reduce the cost of public issue of capital.
This prospectus is equivalent to a memorandum which accompanies the application form of public issues/ offerings.
