A siyum can be held anytime a book of Torah or Talmud or any other holy book (sefer kodesh) has been studied for a long time; three months or longer is a good guideline. Simply reading through a book does not qualify; you must study it and understand it.
Note Originally, the intent was for a volume (masechta) of Talmud or a division (seder) of the Mishna.
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