What is required for a prospectus associated with listings?

A prospectus associated with listings must be compliant with directives. This means it needs to adhere to specific regulatory requirements set out by governing bodies, such as the Securities and Exchange Commission (SEC) or equivalent authorities in other jurisdictions. Compliance ensures that the prospectus contains all necessary information that potential investors need to make informed decisions, including details about the company's financial health, risk factors, management's discussion and analysis, and other relevant disclosures.

This compliance aspect is critical as it reflects the standards and regulations that govern how financial disclosures must be handled, ensuring transparency and protection for investors. Without meeting these directives, the prospectus would not serve its purpose effectively in aiding investors to assess investment opportunities adequately.