Investment Company and. Variable Contracts Products Principals (Series 26) Practice Exam

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How many business days does a member's executive representative have to review and update emergency contact information after the end of the calendar year?

10 business days
15 business days
17 business days
30 business days

The correct answer is: 17 business days

The requirement for a member's executive representative to review and update emergency contact information after the end of the calendar year is set at 17 business days. This timeframe aligns with the regulatory expectations for ensuring that contact information remains current, allowing sufficient time for necessary updates to take place. The 17-day period reflects a balance between giving members enough time to make any necessary updates while also ensuring that critical information is maintained accurately and is readily accessible in the event of an emergency. This specific duration emphasizes the importance of responsiveness and preparedness in maintaining effective communication protocols within a business or organization, ensuring that in cases of emergencies, the right individuals can be contacted promptly.