Series 63 practice questionmediumDuration of Registration
Under the USA, a securities registration statement is generally effective for:
- AOne year from the effective date✓ Correct answer
- BSix months from the effective date
- CUntil the offering is completed, with no time limit
- DUntil the Administrator issues a stop order
Explanation
Why A — One year from the effective date
Registration statements are effective for one year from the effective date (USA Section 305(f)) unless the offering is completed sooner. B is too short, C is incorrect, D is only if a stop order is issued.
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