Series 63 practice questionmediumCoordination—Effective Date
A security filed under Coordination in State W becomes effective:
- AWhen the Administrator so orders
- BSimultaneously with its federal registration statement if all state requirements are met✓ Correct answer
- C20 days after the state filing date
- DUpon approval by the state legislature
Explanation
Why B — Simultaneously with its federal registration statement if all state requirements are met
Under USA Section 305(a)(1), Coordination becomes effective at the same time as the SEC registration, provided all state conditions are met. A is for Qualification, C is wrong timing, D is not a requirement.
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