Notice2026-05892
Agency Information Collection Activities; Submission for OMB Review; 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
March 26, 2026
Issuing agencies
Securities and Exchange Commission
Full Text
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<title>Federal Register, Volume 91 Issue 58 (Thursday, March 26, 2026)</title>
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[Federal Register Volume 91, Number 58 (Thursday, March 26, 2026)]
[Notices]
[Page 14731]
From the Federal Register Online via the Government Publishing Office [<a href="http://www.gpo.gov">www.gpo.gov</a>]
[FR Doc No: 2026-05892]
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SECURITIES AND EXCHANGE COMMISSION
[OMB Control No. 3235-0316]
Agency Information Collection Activities; Submission for OMB
Review; 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'') has submitted to the Office of
Management and Budget a request for extension of the previously
approved collection of information discussed below.
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.
The public may view and comment on this information collection
request at: <a href="https://www.reginfo.gov/public/do/PRAViewICR?ref_nbr=202601-3235-007">https://www.reginfo.gov/public/do/PRAViewICR?ref_nbr=202601-3235-007</a> or email comment to
<a href="/cdn-cgi/l/email-protection#aee3ecf680e1e3ec80e1e7fcef80fdebedf1cacbddc5f1c1c8c8c7cdcbdceec1c3cc80cbc1de80c9c1d8"><span class="__cf_email__" data-cfemail="d79a958ff9989a95f9989e8596f984929488b3b2a4bc88b8b1b1beb4b2a597b8bab5f9b2b8a7f9b0b8a1">[email protected]</span></a> within 30 days of the day
after publication of this notice, by April 27, 2026.
Dated: March 24, 2026.
Sherry R. Haywood,
Assistant Secretary.
[FR Doc. 2026-05892 Filed 3-25-26; 8:45 am]
BILLING CODE 8011-01-P
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