Series 6 - Investment Company And Variable Contracts Products Representative Exam

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What is the deadline for the carrying firm to complete an ACATS transaction if there are no exceptions?

1 business day
A
3 business days
B
5 business days
C
10 business days
D
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Explanations

The carrying firm must complete the ACATS transaction (assuming there are no exceptions) within three business days of receiving the Transfer Initiation Form (TIF).

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