Regulatory Alerts2023-10-13 | 2023-21986Added · Updated
Registration for Index-Linked Annuities; Amendments to Form N-4 for Index-Linked and Variable Annuities
The Securities and Exchange Commission proposes amending Form N-4 to create a tailored registration process for registered index-linked annuities (RILAs) as mandated by the Consolidated Appropriations Act of 2023. The proposal requires RILA issuers to register offerings on Form N-4, updates disclosure requirements to address investor confusion regarding complex features like crediting periods, and applies existing rules on materially misleading sales literature to RILA advertisements. Additionally, the Commission proposes technical amendments to Form N-6 and seeks comment on whether to require registration of market-value adjustments associated with certain annuities.
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