Document ID: SEC-2020-1024-0001
Agency: sec
Document Type: Rule
Title: Updated Disclosure Requirements and Summary Prospectus for Variable Annuity and Variable Life Insurance Contracts; Correction
Posted Date: 2020-07-01T04:00Z

[Federal Register Volume 85, Number 127 (Wednesday, July 1, 2020)]
[Rules and Regulations]
[Page 39476]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2020-12902]

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SECURITIES AND EXCHANGE COMMISSION

17 CFR Parts 232 and 239

[Release Nos. 33-10765A; 34-88358A; IC-33814A; File No. S7-23-18]
RIN 3235-AK60

Updated Disclosure Requirements and Summary Prospectus for 
Variable Annuity and Variable Life Insurance Contracts; Correction

AGENCY: Securities and Exchange Commission.

ACTION: Final rule; correction.

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SUMMARY: This document makes technical corrections to amendments to 
disclosure requirements and summary prospectus for variable annuity and 
variable life insurance contracts adopted in Release No. 33-10765 
(March 11, 2020), which was published in the Federal Register on May 1, 
2020.

DATES: Effective July 1, 2020.

FOR FURTHER INFORMATION CONTACT: Pamela K. Ellis (Senior Counsel) 
Investment Company Regulation Office, at (202) 551-6792, Division of 
Investment Management, Securities and Exchange Commission, 100 F Street 
NE, Washington, DC 20549-8549.

SUPPLEMENTARY INFORMATION: We are making technical amendments to 
correct instructions related to Sec. Sec.  232.405 and 239.23. 
Specifically, this document amends Instructions 15(d) and 18(b) 
published in the Adopting Release. Instruction 15(d) is amended to 
redesignate Note 2 to rule 405 of Regulation S-T as Note 1 to rule 405 
of Regulation S-T, and Instruction 18(b) is amended to replace the 
reference to Item 3 of Form N-14 with a reference to Item 5(c) of Form 
N-14.
    In 85 FR 25964 appearing in the Federal Register on Monday, May 1, 
2020, the following corrections are made:

Sec.  232.405   [Corrected]

0
1. On page 26099, in the first column, in amendatory instruction 15.d., 
``Note 2'' is corrected to read ``Note 1''.
0
2. On page 26099, in the second column, in Sec.  232.405, in the 
introductory text, ``the note'' is corrected to read ``Note 1''.
0
3. On page 26100, in the first column, in Sec.  232.405, ``Note 2 to 
Sec.  232.405'' is corrected to read ``Note 1 to Sec.  232.405.''
0
4. On page 26100, in the third column, in Sec.  239.15, amendment 18b., 
``In Item 3, replacing the phrase ``Items 2, 4(a) through (c), and 5 
through 14 of Form N-3'' with ``Items 2 through 3, 5 through 16, and 18 
of Form N-3'' '' is corrected to read ``b. In Item 5(c), removing the 
phrase ``Items 2, 4(a) through (c), and 5 through 14 of Form N-3'' and 
adding in its place ``Items 2 through 3, 5 through 16, and 18 of Form 
N-3''.

    Dated: June 10, 2020.
Vanessa A. Countryman,
Secretary.
[FR Doc. 2020-12902 Filed 6-30-20; 8:45 am]
BILLING CODE 8011-01-P