The Financial Industry Regulatory Authority has agreed to move the enactment into law new proposals for changes to the insurance industry. The move would have accredited firms conduct principal reviews for the suitability of such deferred VA applications within only a few days before it is submitted to the insurance company. The amount of time they have specified has been contested by several providers may not be enough to allow them proper review and evaluation. Key representatives of the industry also asked for a different approach to the enforcement of the said rule instead of having a fixed date giving clue to a gradual implementation. The rule has been approved by the US Securities and Exchange Commission last September and has already undergone several revisions to further refine the said rule. The FINRA has also said that they would allow firms time to comply with the rule and they would be handling them in a case to case basis.