Form N-3 Gets SEC Extension for Annuity Filings
Published Date: 1/23/2026
Notice
Summary
The SEC is asking for comments to extend the use of Form N-3, which helps certain investment accounts register and share important info with investors before selling securities. This mainly affects companies offering variable annuity contracts organized as investment companies. No big changes or new costs are planned, but the extension keeps the process smooth and on track.
Analyzed Economic Effects
2 provisions identified: 1 benefits, 1 costs, 0 mixed.
Paperwork Burden on Insurer Separate Accounts
If you are an insurer or separate account that files Form N-3, the SEC is proposing to extend the existing information collection and estimates an aggregate annual hour burden of 1,727 hours and an annual cost burden of $125,376. The SEC estimates 926.4 hours for an initial registration statement (1 initial filing expected in the next 3 years, producing 309 annual hours) and an estimated 1,418 hours for post‑effective amendments (157.55 hours per amendment × 4 investment options × 3 amendments).
Investor Prospectus and Disclosure Maintained
If you invest in variable annuity contracts funded by separate accounts, Form N-3 permits those accounts to provide investors with a prospectus and a statement of additional information at an initial or additional offering, and Section 5(b) of the Securities Act requires a prospectus prior to sale or at confirmation/delivery. The SEC is seeking to extend the existing collection (no new costs planned) and is accepting comments through March 24, 2026.
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