The Securities and Exchange Commission (SEC) announced a rule proposal on Registration for Index-Linked Annuities; Amendments to Form N-4 for Index-Linked and Variable Annuities to provide a tailored form to register offerings of registered index-linked annuities (RILA). The proposal would amend Form N-4 which is currently used by most variable annuity accounts, to require isuers to register offerings on that form as well. The proposal includes requirements that would require issuers to tag certain information disclosed in their prospectuses and the contract's statement of additional information (SAI) in Inline XBRL format.
Comments on this proposal are due 30 days after publication in the Federal Register or on November 28, 2023, whichever is later.
Read the rule.
Read the fact sheet.
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