Rule · SEC · 18 May 2020 · C2-2020-05526
The Securities and Exchange Commission issued a correction to its prior rule document regarding updated disclosure requirements and summary prospectuses for variable annuity and variable life insurance contracts. This correction amends Form N-4 by removing specific item paragraphs and revises Form N-6 to update regulatory compliance standards. The changes are scheduled to take effect on January 1, 2022, ensuring accurate reporting for these financial products.
SECURITIES AND EXCHANGE COMMISSION 17 CFR Parts 200, 230, 232, 239, 240, 270, and 274 [Release Nos. 33–10765; 34–88358; IC– 33814; File No. S7–23–18] RIN 3235–AK60 Updated Disclosure Requirements and Summary Prospectus for Variable Annuity and Variable Life Insurance Contracts Correction In rule document 2020–05526, beginning on page 26954 in the issue of Friday, May 1, 2020, make the following correction:
§ 274.11 [Corrected]
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