n NISM Certifications
V-A NISM Series V-A
Medium

When is the Statement of Additional Information (SAI) updated?

Practice question from Nism VA Mock Test 6 — bank. The correct answer is highlighted below with a full explanation.

Options

  1. A

    Every month

  2. B

    Before 10th of January and 10th of July every six months

  3. C

    Every three months

  4. Before the end of 3 months of every financial year

    Correct answer

Why this is the answer

The Statement of Additional Information (SAI) should be updated by the end of 3 months of every financial year. However, material changes are updated on an ongoing basis.

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