Reopening of Comment Period for Updated Disclosure Requirements and Summary Prospectus for Variable Annuity and Variable Life Insurance Contracts

Communications should identify both docket numbers and be submitted in triplicate to the address listed above. Commenters wishing the FAA to acknowledge receipt of their comments on this notice must submit with those comments a self-addressed, stamped postcard on which the following statement is made: ‘‘Comments to Docket No. FAA–2019–0036; Airspace Docket No. 19–ACE–1.’’ The postcard will be date/time stamped and returned to the commenter. All communications received before the specified closing date for comments will be considered before taking action on the proposed rule. The proposal contained in this notice may be changed in light of the comments received. A report summarizing each substantive public contact with FAA personnel concerned with this rulemaking will be filed in the docket. Availability of NPRMs An electronic copy of this document may be downloaded through the internet at http://www.regulations.gov. Recently published rulemaking documents can also be accessed through the FAA’s web page at http:// www.faa.gov/air-traffic/publications/ airspace-amendments/. You may review the public docket containing the proposal, any comments received, and any final disposition in person in the Dockets Office (see the ADDRESSES section for the address and phone number) between 9:00 a.m. and 5:00 p.m., Monday through Friday, except federal holidays. An informal docket may also be examined during normal business hours at the Federal Aviation Administration, Air Traffic Organization, Central Service Center, Operations Support Group, 10101 Hillwood Parkway, Fort Worth, TX 76177. Availability and Summary of Documents for Incorporation by Reference This document proposes to amend FAA Order 7400.11C, Airspace Designations and Reporting Points, dated August 13, 2018, and effective September 15, 2018. FAA Order 7400.11C is publicly available as listed in the ADDRESSES section of this document. FAA Order 7400.11C lists Class A, B, C, D, and E airspace areas, air traffic service routes, and reporting points. The Proposal The FAA is proposing an amendment to Title 14 Code of Federal Regulations (14 CFR) part 71 by amending Class E airspace extending upward from 700 feet above the surface within a 6.3-mile radius of Charleston-Mississippi County Airport, Charleston, MO, and removing the extension within 2.6 miles each side of the 190° bearing from the Charleston NDB. This action is necessary due to the decommissioning of the Charleston NDB. This action would enhance safety and the management of IFR operations at the airport. Class E airspace designations are published in paragraph 6005 of FAA Order 7400.11C, dated August 13, 2018, and effective September 15, 2018, which is incorporated by reference in 14 CFR 71.1. The Class E airspace designation listed in this document will be published subsequently in the Order. Regulatory Notices and Analyses The FAA has determined that this proposed regulation only involves an established body of technical regulations for which frequent and routine amendments are necessary to keep them operationally current, is non￾controversial and unlikely to result in adverse or negative comments. It, therefore: (1) Is not a ‘‘significant regulatory action’’ under Executive Order 12866; (2) is not a ‘‘significant rule’’ under DOT Regulatory Policies and Procedures (44 FR 11034; February 26, 1979); and (3) does not warrant preparation of a regulatory evaluation as the anticipated impact is so minimal. Since this is a routine matter that will only affect air traffic procedures and air navigation, it is certified that this proposed rule, when promulgated, would not have a significant economic impact on a substantial number of small entities under the criteria of the Regulatory Flexibility Act. Environmental Review This proposal will be subject to an environmental analysis in accordance with FAA Order 1050.1F, ‘‘Environmental Impacts: Policies and Procedures’’ prior to any FAA final regulatory action. List of Subjects in 14 CFR Part 71 Airspace, Incorporation by reference, Navigation (air). The Proposed Amendment Accordingly, pursuant to the authority delegated to me, the Federal Aviation Administration proposes to amend 14 CFR part 71 as follows: PART 71—DESIGNATION OF CLASS A, B, C, D, AND E AIRSPACE AREAS; AIR TRAFFIC SERVICE ROUTES; AND REPORTING POINTS ■ 1. The authority citation for 14 CFR part 71 continues to read as follows: Authority: 49 U.S.C. 106(f), 106(g); 40103, 40113, 40120; E.O. 10854, 24 FR 9565, 3 CFR, 1959–1963 Comp., p. 389. § 71.1 [Amended] ■ 2. The incorporation by reference in 14 CFR 71.1 of FAA Order 7400.11C, Airspace Designations and Reporting Points, dated August 13, 2018, and effective September 15, 2018, is amended as follows: Paragraph 6005 Class E Airspace Areas Extending Upward From 700 Feet or More Above the Surface of the Earth.

ACE MO E5 Charleston, MO [Amended] Mississippi County Airport, MO (Lat. 36°50′32″ N, long. 89°21′35″ W) That airspace extending upward from 700 feet above the surface within a 6.3-mile radius of Mississippi County Airport. Issued in Fort Worth, Texas, on February 13, 2019. John Witucki, Acting Manager, Operations Support Group, ATO Central Service Center. [FR Doc. 2019–02840 Filed 2–20–19; 8:45 am] BILLING CODE 4910–13–P SECURITIES AND EXCHANGE COMMISSION 17 CFR Parts 230, 232, 239, 240, 270, and 274 [Release Nos. 33–10605; 34–85146; IC– 33375; File No. S7–23–18] RIN 3235–AK60 Reopening of Comment Period for Updated Disclosure Requirements and Summary Prospectus for Variable Annuity and Variable Life Insurance Contracts AGENCY: Securities and Exchange Commission. ACTION: Reopening of comment period. SUMMARY: The Securities and Exchange Commission is reopening the comment period for a proposal to amend rules and forms to help investors make informed investment decisions regarding variable annuity and variable life insurance contracts. The proposal would permit persons to satisfy their prospectus delivery obligations under the Securities Act of 1933 for a variable annuity or variable life insurance contract and any associated portfolio companies by sending or giving a summary contract prospectus to investors and making the statutory and portfolio company prospectuses available online. In addition, the proposal would amend the registration

1 15 U.S.C. 77a et seq. 2 15 U.S.C. 78a et seq. 3 15 U.S.C. 80a et seq. forms for variable annuity and variable life insurance contracts to update and enhance the disclosures to investors in these contracts, and would require the Inline eXtensible Business Reporting Language (‘‘Inline XBRL’’) format for certain required disclosures in the variable contract statutory prospectus. The proposal would also make certain technical and conforming amendments to our rules and forms, as well as rescission of certain related rules and forms, and seek comments regarding parallel amendments to rules governing mutual fund summary prospectuses and registration forms applicable to other types of registered investment companies. The original comment period ended on February 15, 2019. The Commission is reopening the time period in which to provide the Commission with comments until March 15, 2019. This action will allow interested persons additional time to analyze the issues and prepare their comments. DATES: The comment period for the proposed rule published Nov. 30, 2018 (83 FR 61730), is reopened. Comments should be received on or before March 15, 2019. ADDRESSES: Comments may be submitted by any of the following methods: Electronic Comments • Use the Commission’s internet comment forms (http://www.sec.gov/ rules/proposed.shtml); • Send an email to rule-comments@ sec.gov. Please include File Number S7– 23–18 on the subject line; or • Use the Federal Rulemaking Portal (http://www.regulations.gov). Follow the instructions for submitting comments. Paper Comments • Send paper comments to Brent J. Fields, Secretary, Securities and Exchange Commission, 100 F Street NE, Washington, DC 20549–1090. All submissions should refer to File Number S7–23–18. This file number should be included on the subject line if email is used. To help us process and review your comments more efficiently, please use only one method. The Commission will post all comments on the Commission’s website (http:// www.sec.gov/rules/proposed.shtml). Comments also are available for website viewing and printing in the Commission’s Public Reference Room, 100 F Street NE, Room 1580, Washington, DC 20549, on official business days between the hours of 10:00 a.m. and 3:00 p.m. All comments received will be posted without change. Persons submitting comments are cautioned that we do not redact or edit personal identifying information from comment submissions. You should submit only information that you wish to make available publicly. Studies, memoranda or other substantive items may be added by the Commission or staff to the comment file during this rulemaking. A notification of the inclusion in the comment file of any such materials will be made available on the Commission’s website. To ensure direct electronic receipt of such notifications, sign up through the ‘‘Stay Connected’’ option at www.sec.gov to receive notifications by email. FOR FURTHER INFORMATION CONTACT: Daniel K. Chang, James Maclean, Amy Miller, Senior Counsels; Amanda Hollander Wagner, Branch Chief; Michael C. Pawluk, Senior Special Counsel, Investment Company Regulation Office, at (202) 551–6792; Keith Carpenter or Michael Kosoff, Senior Special Counsels, Disclosure and Review Office, at (202) 551–6921, Division of Investment Management, Securities and Exchange Commission, 100 F Street NE, Washington, DC 20549–8549. SUPPLEMENTARY INFORMATION: The Commission has requested comment on a release proposing new rule 498A [proposed rule 17 CFR 230.498A] under the Securities Act. The release also proposes amendments to the following rules: Commission reference CFR citation (17 CFR) Regulation S-T [17 CFR 232.10 through 232.903]: Rule 11 .................................................................................................................................................................... § 232.11. Rule 405 .................................................................................................................................................................. § 232.405. Securities Act of 1933 (‘‘Securities Act’’): 1 Rule 159A ................................................................................................................................................................ § 230.159A. Rule 421 .................................................................................................................................................................. § 230.421. Rule 431 .................................................................................................................................................................. § 230.431. Rule 482 .................................................................................................................................................................. § 230.482. Rule 485 .................................................................................................................................................................. § 230.485. Rule 497 .................................................................................................................................................................. § 230.497. Rule 498 .................................................................................................................................................................. § 230.498. Securities Exchange Act of 1934 (‘‘Exchange Act’’): 2 Rule 14a–16 ............................................................................................................................................................ § 240.14a–16. Investment Company Act of 1940 (‘‘Investment Company Act’’): 3 Rule 0–1 .................................................................................................................................................................. § 270.0–1. Rule 6c–7 ................................................................................................................................................................ § 270.6c–7. Rule 6c–8 ................................................................................................................................................................ § 270.6c–8. Rule 6e–2 ................................................................................................................................................................ § 270.6e–2. Rule 6e–3(T) ............................................................................................................................................................ § 270.6e–3(T). Rule 11a–2 .............................................................................................................................................................. § 270.11a–2. Rule 14a–2 .............................................................................................................................................................. § 270.14a–2. Rule 26a–1 .............................................................................................................................................................. § 270.26a–1. Rule 27c–1 .............................................................................................................................................................. § 270.27c–1. Securities Act and Investment Company Act: Form N–3 ................................................................................................................................................................. § 239.17a and 274.11b. Form N–4 ................................................................................................................................................................. § 239.17b and 274.11c. Form N–6 ................................................................................................................................................................. § 239.17c and 274.11d.

4See Letters from Carl B. Wilkerson, Vice President & Chief Counsel, Securities, American Council of Life Insurers (Dec. 20, 2018), Stephen E. Roth, on behalf of the Committee of Annuity Insurers (Jan. 22, 2019), Benjamin G. Baldwin, Jr. (Feb. 13, 2019). Comments are available on the Commission’s website at https://www.sec.gov/ comments/s7-23-18/s72318.htm. 5 In this regard, the Commission notes that the comment period overlapped in part with the recent lapse in appropriations. Finally, the release proposes to rescind: Commission reference CFR citation (17 CFR) Investment Company Act: Rule 26a–2 .............................................................................................................................................................. § 270.26a–2. Rule 27a–1 .............................................................................................................................................................. § 270.27a–1. Rule 27a–2 .............................................................................................................................................................. § 270.27a–2. Rule 27a–3 .............................................................................................................................................................. § 270.27a–3. Rule 27d–2 .............................................................................................................................................................. § 270.27d–2. Rule 27e–1 .............................................................................................................................................................. § 270.27e–1. Rule 27f–1 ............................................................................................................................................................... § 270.27f–1. The Commission originally requested that comments on the release be received by February 15, 2019. The Commission has received several requests for an extension of time for public comment on the proposal to, among other things, allow for adequate time to fully consider the proposals and to improve the quality of responses.4 The Commission believes that providing the public additional time to thoroughly consider the matters addressed by the release and to submit comprehensive responses to the release would benefit the Commission in its consideration of final rules.5 Therefore, the Commission is reopening the comment period for Release Nos. 33–10569; 34–84508; IC– 33286 ‘‘Updated Disclosure Requirements and Summary Prospectus for Variable Annuity and Variable Life Insurance Contracts’’ until March 15, 2019. By the Commission. Dated: February 14, 2019. Eduardo A. Aleman, Deputy Secretary. [FR Doc. 2019–02906 Filed 2–20–19; 8:45 am] BILLING CODE 8011–01–P