Series 63 practice questioneasyState Registration
Under the Uniform Securities Act, when must a state-registered investment adviser file an updated Form ADV?
- AAnnually, within 90 days of the fiscal year end✓ Correct answer
- BOnly when there is a material change
- CEvery two years
- DOnly at the initial registration
Explanation
Why A — Annually, within 90 days of the fiscal year end
The USA requires state-registered IAs to update Form ADV annually within 90 days of their fiscal year end. Option B is only partially correct; material changes must be updated promptly, but annual updating is still required.
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