Series 6 - Investment Company And Variable Contracts Products Representative Exam

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What is the deadline for the carrying firm in an ACATS transaction to validate the securities listed on the TIF?

4 hours
A
1 business day
B
3 business days
C
1 week from date of receipt of the TIF
D

Explanations

The carrying firm has one business day to validate the list of securities on the Transfer Initiation Form (TIF) or take exception to the transfer instructions.

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