Dominate the Series 26 in 2026 – Master the Investment & Variable Contracts Challenge!

The correct answer is 7 business days because regulatory guidelines set forth by the National Association of Securities Dealers (NASD) dictate that a registered principal must review and act on a delayed annuity application within this timeframe. This period allows sufficient time for the principal to conduct a thorough review of the application, ensuring all requisite information and compliance requirements are met before approving or denying the request.

This timeline is crucial as it helps maintain efficient processing of applications while adhering to the necessary legal and regulatory standards, safeguarding both the clients and the firm. Timely review and action are important to facilitate a smooth transaction and ensure that customers can access their investments without undue delays.