What type of information must be included in any compliant financial product document?

To ensure compliance, a financial product document must include significant risks, costs, and the date of preparation. By mandating this information, regulators intend to provide consumers with a clear understanding of what they are purchasing, along with any associated risks and costs that might affect their investment decisions.

Including significant risks ensures that consumers are fully informed about what they may stand to lose or the potential for adverse outcomes. Disclosing costs is equally important, as it allows consumers to assess the value of the product in light of the fees involved. Lastly, stating the date of preparation is essential for transparency; it helps consumers understand the timeliness of the information provided, ensuring that they are making decisions based on the most current data available. This comprehensive approach aims to equip consumers with the necessary knowledge to make informed financial choices.