There is no requirement or need to keep the prospectus once you have reviewed it. If you choose to hold on to your prospectus, throw it out when you receive the most current copy or you have reviewed the information.

How long is a prospectus valid for?

Paragraph three of the sub-chapter states once a new security is issued and has been available on the market for longer than nine months, the data in the prospectus cannot be more than 16 months old. Thus, by federal law, a prospectus should be good for 16 months on all securities older than nine months.

Should you save prospectus?

The length of time you keep a prospectus is up to you; there is no requirement or need to keep this document once you have reviewed it unless you want to have a copy on hand for reference. If you do choose to hold onto your prospectus, throw it out when you receive a fresh copy.