The "effective date" is defined as:

By Peter Cherewyk AAA
A:

A. The date a security's registration statement is granted an effective date lasting for one year.

B. The date the first transaction of an approved security takes place.

C. The date an issuer and underwriter agree to bring a security to market.

D. The date a security is due for re-registration, one year after the initial registration.






Correct answer: A

The effective date is defined as the actual date a security's registration is granted an effective date, lasting for one year after such. Note that on the cover of all prospectuses, it generally states that "these securities have not been approved or disapproved".



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