Code of Federal Regulations Title 17. Commodity and Securities Exchanges § 17.270.15a–3 Exemption for initial period of investment adviser of certain registered separate accounts from requirement of security holder approval of investment advisory contract

(1) Such registered separate account qualifies for exemption from section 14(a) of the Act pursuant to § 270.14a–2, or is exempt therefrom by order of the Commission upon application;  and

(2) Such written contract shall be submitted to a vote of variable annuity contract owners at their first meeting after the effective date of the registration statement under the Securities Act of 1933, as amended (15 U.S.C. 77a et seq.) relating to variable annuity 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.