    [Federal Register Volume 91, Number 58 (Thursday, March 26, 2026)]
    [Notices]
    [Page 14731]
    From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
    [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: https://www.reginfo.gov/public/do/PRAViewICR?ref_nbr=202601-3235-007 or email comment to
    MBX.OMB.OIRA.SEC_desk_officer@omb.eop.gov 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