Series 63 practice questioneasyAmendment Requirements
Under the Uniform Securities Act, when must a broker-dealer promptly update their registration information with the Administrator?
- AWhenever there is a material change in the information filed.✓ Correct answer
- BOnly during the annual renewal period.
- CAt the end of each calendar quarter.
- DOnly upon written request from the Administrator.
Explanation
Why A — Whenever there is a material change in the information filed.
A broker-dealer must promptly file an amendment when a material change occurs (USA Section 202(d)). Distractors mention periodic or requested updates, but the USA specifically requires immediate amendment upon material change.
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