News | 11.13.19
SEC's Variable Annuity Prospectus Rule Likely by April
The SEC's Division of Investment Management (IM) hopes to release its rule for a variable annuity summary prospectus by April 2020, according to IM Director Dalia Blass. The plan, which amends the rules and forms to help investors make informed investment decisions regarding variable annuity and variable life insurance contracts, was published in the Federal Register on Nov. 30, 2018. Blass, in a recent speech, said that the IM Division is now considering the 50 comments as it drafts the rule.
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