When does a registration take effect?

• A. At noon, 30 days after the earliest filing date
• B. At noon, 30 days after the later of the filing date or amendment filing date
• C. Immediately upon filing
• D. After a 60-day waiting period

Answer: (B)

Registration takes effect at a specific time after a 30-day waiting period, not immediately upon filing. The clock runs from the date of filing, but if amendments are filed, the 30-day period restarts from the date the latest amendment is filed. So the effective moment is noon on the 30th day after the later of the initial filing date or the amendment filing date. This ensures the administrator has time to review any updates before the registration becomes active. A is incorrect because it uses the earliest filing date, which doesn’t account for amendments. C is incorrect because it would bypass the waiting period. D is incorrect because the standard waiting period is 30 days, not 60.