When must a prospectus be available to the public before an offer ends?

A prospectus must be available to the public for a minimum period before offers are made in order to ensure that potential investors have sufficient time to review the information and make informed decisions. It's crucial for maintaining transparency and protecting investor interests.

The requirement for a prospectus to be available for at least 6 days ensures that investors are adequately informed about the investment, including the associated risks and details of the offering. This period allows investors enough time to digest the information, conduct their own research, and decide whether to proceed with the investment.

The other timeframes do not fulfill the regulatory requirement, as they either provide insufficient time for review or do not align with the legislative framework governing public offerings. By requiring that the prospectus be available for at least 6 days, regulators aim to enhance investor protection and promote fair market practices.