Series 63 practice questionmediumEffectiveness of IAR Registration
If all registration requirements are met, when does an IAR's registration become effective under the USA?
- AUpon filing of Form U4
- B30 days after filing is complete, unless the Administrator acts sooner✓ Correct answer
- CImmediately upon payment of the fee
- DAfter passing the Series 65 exam
Explanation
Why B — 30 days after filing is complete, unless the Administrator acts sooner
Registration becomes effective at noon on the 30th day after filing is complete, unless the Administrator accelerates or delays it (USA Section 406). Passing exams and filing forms are prerequisites, not the trigger for effectiveness.
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