Which statement about the simplified prospectus is true?

The statement that the simplified prospectus is optional to deliver but available upon request is accurate because financial institutions are required to make the simplified prospectus available to investors, but it is not mandatory to deliver it to every investor. Instead, firms can fulfill their obligation by providing it upon request, allowing them to streamline the distribution process while still ensuring that investors have access to important information when they need it. This approach balances the need for accessible information with practical delivery considerations, catering to investors who are genuinely interested in receiving the document without overwhelming all clients with additional paperwork.

In contrast, other choices create misunderstandings about the delivery requirements and access to the prospectus. The idea that it must be delivered to all investors suggests a rigid distribution method that doesn't align with regulatory flexibility. The misconception that it is only accessible through request also overlooks the proactive duty of firms to ensure that potential investors are aware of and can obtain materials that inform them about their investment options. Finally, claiming that it must be provided electronically only does not consider the various formats in which this information can be shared, including printed versions, which are also permissible.