View Information Collection Request (ICR) Package

Please note that the OMB number and expiration date may not have been determined when this Information Collection Request and associated Information Collection forms were submitted to OMB. The approved OMB number and expiration date may be found by clicking on the Notice of Action link below.

View ICR - OIRA Conclusion

OMB Control No: 3235-0765	ICR Reference No: 202005-3235-015
Status: Historical Active	Previous ICR Reference No: 201901-3235-003
Agency/Subagency: SEC	Agency Tracking No: IM-270-813
Title: Rule 498A Summary Prospectus for Variable Annuity and Variable Life Insurance Contracts
Type of Information Collection: New collection (Request for a new OMB Control Number)	Common Form ICR: No
Type of Review Request: Regular
OIRA Conclusion Action: Approved with change	Conclusion Date: 11/13/2020
	Date Received in OIRA: 05/27/2020
Terms of Clearance: ROCIS tables updated during review.

	Inventory as of this Action	Requested	Previously Approved
Expiration Date	11/30/2023	36 Months From Approved
Responses	676	0	0
Time Burden (Hours)	14,688	0	0
Cost Burden (Dollars)	11,559,420	0	0

ICR Summary of Burden

	Total Approved	Change Due to Agency Discretion
Annual Number of Responses	676	676
Annual Time Burden (Hours)	14,688	14,688
Annual Cost Burden (Dollars)	11,559,420	11,559,420

Burden increases because of Program Change due to Agency Discretion: Yes

Burden Increase Due to: Miscellaneous Actions

Burden decreases because of Program Change due to Agency Discretion: No

Burden Reduction Due to:

Short Statement: We are asking that a new collection of information for rule 498A be created. As a result of new rule 498A, the hour burden for preparing and filing summary prospectuses will be 14,688 hours at an internal time cost burden of $3,900,193 and an external time cost burden of $11,559,420.

Annual Cost to Federal Government: $21,200,000

Does this IC contain surveys, censuses, or employ statistical methods? No

Does this ICR request any personally identifiable information (see OMB Circular No. A-130 for an explanation of this term)? Please consult with your agency's privacy program when making this determination. No

Does this ICR include a form that requires a Privacy Act Statement (see 5 U.S.C. §552a(e)(3))? Please consult with your agency's privacy program when making this determination. No

Is this ICR related to the Affordable Care Act [Pub. L. 111-148 & 111-152]? No

Is this ICR related to the Dodd-Frank Wall Street Reform and Consumer Protection Act, [Pub. L. 111-203]? No

Is this ICR related to the American Recovery and Reinvestment Act of 2009 (ARRA)? No

Is this ICR related to the Pandemic Response? No

Agency Contact: Pamela Ellis 202 551-3506

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