On February 14th, the SEC extended the comment period on proposed rulemaking concerning variable annuities and variable life insurance contracts. These proposed rules and form changes, which were originally published in the Federal Register on November 30, 2018, help investors make informed investment decisions regarding these contracts. The SEC has received numerous requests for additional time from the public and believes such time will allow the public to thoroughly consider the proposals and provide useful feedback that can guide the SEC in its decision process.
Friday, February 15. 2019
SEC Extends Comment Period for Updated Disclosure Requirements for Variable Annuities and Variable Life Insurance Contracts
The public comment period will now end one month later than its original date of February 15, 2019, and thus will close on March 15, 2019.
The proposed rule changes can be read here. You can submit comments using the form available on the SEC’s website or by e-mailing rule-comments@sec.gov with the reference number (S7-23-18) in the subject line. You can also use the Federal Rulemaking Portal to submit comments or send your comments by mail to Secretary, Securities and Exchange Commission, 100 F Street, NE, Washington, DC 20549-1090. Again, please remember to include reference number S7-23-18.
Sources:
SEC Extends Comment Period for Rulemaking Proposal Regarding Updated Disclosure Requirements and Summary Prospectus for Variable Annuity and Variable Life Insurance Contracts (www.sec.gov)
Extension of Comment Period for Updated Disclosure Requirements and Summary Prospectus for Variable Annuity and Variable Life Insurance Contracts (www.sec.gov)
Updated Disclosure Requirements and Summary Prospectus for Variable Annuity and Variable Life Insurance Contracts (www.sec.gov)
SEC Proposes Disclosure Improvements for Variable Annuities and Variable Life Insurance Contracts (www.novaworkssoftware.com)
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