Rules and Regulations
promulgated
under the
Investment Company Act of 1940
Rule 32a-2 -- Exemption for Initial Period from Vote of Security Holders on Independent Public Accountant for Certain Registered Separate Accounts
A registered separate account shall be exempt from
the requirement under paragraph (2) of section
32(a) of the Act that selection of an independent public accountant shall have been
submitted for ratification or rejection at the next succeeding annual meeting of
security owners, subject to the following conditions:
Such registered separate account qualifies for exemption
from section 14(a) of the Act pursuant to
Rule 14a-2, or is exempt therefrom by order of the Commission
upon application; and
The selection of such accountant shall be submitted
for ratification or rejection to variable annuity contract owners at their first
meeting after the effective date of the registration statement under the Securities
Act of 1933, as amended, relating to contracts participating in such account: Provided,
That such meeting shall take place within 1 year after such effective date, unless
the time for the holding of such meeting shall be extended by the Commission upon
written request showing good cause therefor.
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