Under the new legislation, workers will be able to carryover such accrued annual leave for a period of 15 months after the leave year in question. The new legislation is in response to Court of Justice of the European Union rulings on accrual of annual leave entitlements during sick leave.
DEFINITION of 'Prospectus'. A formal legal document, which is required by and filed with the Securities and Exchange Commission, that provides details about an investment offering for sale to the public. A prospectus should contain the facts that an investor needs to make an informed investment decision. Also known as an offer document..
For shelf registrations, the statutory prospectus contained in the registration statement may be the base prospectus. See âWhat is a âbaseâ or a âcoreâ prospectus?â Under Rule 163, WKSIs also may use free writing prospectuses before a registration statement is filed.