Washington — The U.S. Securities and Exchange Commission has extended the public comment period for a controversial rule change that would regulate indexed annuities as securities.

Parties that would be impacted by the rule change now have until November 17 to weigh in on the proposal, known as Rule 151A. Many in the insurance industry, including the National Association for Fixed Annuities expressed disappointment over a decision by the Securities and Exchange Commission to close a public comment period on concerning fixed index annuities in September.

Sources: Federal Register, INN archives

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