The approval timeframe depends on two key factors: the designated approval schedule for each market and compliance status.
1. Approval Schedule by Market: Refer to the schedule below for Offering Approvals by market. All offerings are reviewed and approved on a designated day each month (see the chart below for details). If this day falls on a weekend, approvals will be completed on the next business day. Any changes submitted in the previous month will be queued for the upcoming review. Once pricing is approved, it remains fixed until the following scheduled approval date, ensuring compliance and ongoing consistency across each market.
Gold and Silver Members: Portfolio Managers are able to change prices mid-cycle.
2. Compliance: Once the appropriate license(s) has been provided to LibDib, offerings can be been priced and submitted for approval. If there is any missing information, the process takes longer.
LibDib will review and reach out if any requirements are missing. Ensuring that all requirements are met upon submission will only expedite the process. Please review Go Live Guides by market for more details about each state's separate requirements.
If you are a Gold or Silver Maker and wish to expedite, you may reach out to your Portfolio Manager and let them know when you have completed your compliance and submitted your priced offerings for approval.