The Disclosure/Prospectus Working Group considers emerging regulatory issues affecting the content, format and methods of delivery of prospectuses for annuity products registered with the U.S. Securities and Exchange Commission.  A principal focus of this Working Group is to advocate for a modernized streamlined, layered disclosure framework for variable annuity products.  This Working Group may also consider other formal disclosure document issues if Committee members believe such consideration is merited – for example, issues related to state mandated annuity buyers guides or disclosure statements.