Confused about existing reporting requirements for synthetic GICs, sep

[Guest ak]

The DOL was asked if synthetic GICs, separate account GICs, and insurance company stable value funds could be reported at contract or book value on the applicable schedules. The DOL basically said no and inferred that these contracts could not be reported on a single line item. This implies that the reporting must be on a fair value basis and on more than one line item. The DOL finishes up by saying that reporting for these contracts must continue to be done in accordance with the existing reporting requirements. What are those existing requirements? I’ve never seen any prior DOL guidance on this issue.