When must a state regulated IA file a statement of financial condition after notifying the state administrator?

A state regulated investment advisor (IA) is required to file a statement of financial condition the day after providing notice to the state administrator. This requirement is established to ensure that the state administrator has timely access to the financial information necessary for regulatory oversight.

Prompt filing allows for an efficient review of the IA's financial status, which is crucial for maintaining investor protection and upholding market integrity. The timeframe of one day after providing notice ensures that there is a clear and immediate response to any changes in the financial condition that may warrant regulatory scrutiny, while still providing the advisor a brief period to prepare the necessary documentation.

The other options do not align with this regulatory timeline: providing the notice on the same day or the day before would not allow sufficient time for the IA to compile and submit a comprehensive statement of financial condition. Waiting a week would delay the oversight process unduly, which could potentially expose clients and investors to increased risk during that period.