Notice2026-01212
Agency Information Collection Activities; Proposed Collection; Comment Request; Extension: Form N-3
Primary source
Metadata and text below are from the Federal Register, a public-domain U.S. government work. Always verify the official published version before relying on it for any legal matter.
Published
January 23, 2026
Issuing agencies
Securities and Exchange Commission
Full Text
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<title>Federal Register, Volume 91 Issue 15 (Friday, January 23, 2026)</title>
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[Federal Register Volume 91, Number 15 (Friday, January 23, 2026)]
[Notices]
[Page 2975]
From the Federal Register Online via the Government Publishing Office [<a href="http://www.gpo.gov">www.gpo.gov</a>]
[FR Doc No: 2026-01212]
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SECURITIES AND EXCHANGE COMMISSION
[OMB Control No. 3235-0316]
Agency Information Collection Activities; Proposed Collection;
Comment Request; Extension: Form N-3
Upon Written Request, Copies Available From: Securities and Exchange
Commission, Office of FOIA Services, 100 F Street NE, Washington, DC
20549-2736
Notice is hereby given that, pursuant to the Paperwork Reduction
Act of 1995 (44 U.S.C. 3501 et seq.), the Securities and Exchange
Commission (the ``Commission'') is soliciting comments on the
collection of information summarized below. The Commission plans to
submit this existing collection of information to the Office of
Management and Budget for extension and approval.
The title for the collection of information is ``Form N-3 (17 CFR
239.17a and 274.11b) under the Securities Act of 1933 (15 U.S.C. 77)
and under the Investment Company Act of 1940 (15 U.S.C. 80a),
Registration Statement of Separate Accounts Organized as Management
Investment Companies.'' Form N-3 is the form used by separate accounts
offering variable annuity contracts which are organized as management
investment companies to register under the Investment Company Act of
1940 (``Investment Company Act'') and/or to register their securities
under the Securities Act of 1933 (``Securities Act''). Form N-3 is also
the form used to file a registration statement under the Securities Act
(and any amendments thereto) for variable annuity contracts funded by
separate accounts which would be required to be registered under the
Investment Company Act as management investment companies except for
the exclusion provided by Section 3(c)(11) of the Investment Company
Act (15 U.S.C. 80a-3(c)(11)). Section 5 of the Securities Act (15
U.S.C. 77e) requires the filing of a registration statement prior to
the offer of securities to the public and that the statement be
effective before any securities are sold, and Section 8 of the
Investment Company Act (15 U.S.C. 80a-8) requires a separate account to
register as an investment company.
Form N-3 also permits separate accounts offering variable annuity
contracts which are organized as investment companies to provide
investors with a prospectus and a statement of additional information
covering essential information about the separate account when it makes
an initial or additional offering of its securities. Section 5(b) of
the Securities Act requires that investors be provided with a
prospectus containing the information required in a registration
statement prior to the sale or at the time of confirmation or delivery
of the securities. The form also may be used by the Commission in its
regulatory review, inspection, and policy-making roles.
We estimate that the hour burden for the initial registration
statement on Form N-3 is 926.4 hours per initial registration statement
filings. We estimate that 1 initial registration statement will be
filed on Form N-3 in the next 3 years, resulting in a 309 annual hour
burden for initial registration statement filings (926.4 hours / 3
years = 309 annual hour burden). In addition, we estimate that there
are currently 3 insurer separate accounts that file post-effective
amendments on Form N-3 per year, with an average of 3 investment
options per post-effective amendment). We estimate that the current
hour burden per post-effective amendment is 157.55 hours, resulting in
an hour burden of 1,418 for post effective-amendments on Form N-3 (that
is, 157.55 x 4 investment options per post-effective amendment x 3
post-effective amendments = 1,418 hours). In total, we estimate an
aggregate hour burden of 1,727 hours (309 hours for the initial
registration statement + 1,418 hours for the post-effective amendments
= 1,727 hours). Respondents may rely on outside counsel or auditors in
connection with the preparation and filing of Form N-3. Commission
staff estimates that the annual cost burden associated with preparing
and filing Form N-3 is $125,376.
The information collection requirements imposed by Form N-3 are
mandatory. Responses to the collection of information will not be kept
confidential.
An agency may not conduct or sponsor, and a person is not required
to respond to, a collection of information unless it displays a
currently valid OMB Control Number.
Written comments are invited on: (a) whether this proposed
collection of information is necessary for the proper performance of
the functions of the SEC, including whether the information will have
practical utility; (b) the accuracy of the SEC's estimate of the burden
imposed by the proposed collection of information, including the
validity of the methodology and the assumptions used; (c) ways to
enhance the quality, utility, and clarity of the information to be
collected; and (d) ways to minimize the burden of the collection of
information on respondents, including through the use of automated,
electronic collection techniques or other forms of information
technology.
Please direct your written comments on this 60-Day Collection
Notice to Austin Gerig, Director/Chief Data Officer, Securities and
Exchange Commission, c/o Tanya Ruttenberg via email to
<a href="/cdn-cgi/l/email-protection#d282b3a2b7a0a5bda0b980b7b6a7b1a6bbbdbc93b1a692a1b7b1fcb5bda4"><span class="__cf_email__" data-cfemail="b1e1d0c1d4c3c6dec3dae3d4d5c4d2c5d8dedff0d2c5f1c2d4d29fd6dec7">[email protected]</span></a> by March 24, 2026. There will be a second
opportunity to comment on this SEC request following the Federal
Register publishing a 30-Day Submission Notice.
Dated: January 20, 2026.
Sherry R. Haywood,
Assistant Secretary.
[FR Doc. 2026-01212 Filed 1-22-26; 8:45 am]
BILLING CODE 8011-01-P
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