Regulatory Alerts2020-07-01 | 2020-12902Added · Updated
Updated Disclosure Requirements and Summary Prospectus for Variable Annuity and Variable Life Insurance Contracts; Correction
The Securities and Exchange Commission issued a final rule correction to amend technical errors in its March 2020 adopting release regarding disclosure requirements and summary prospectuses for variable annuity and variable life insurance contracts. The correction specifically redesignates Note 2 to Rule 405 of Regulation S-T as Note 1 and updates references in Form N-14 from Item 3 to Item 5(c). This action ensures the regulatory text accurately reflects the intended instructions for §§ 232.405 and 239.23 as originally published.
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