Securities and Exchange Commission 2009 – Federal Register Recent Federal Regulation Documents

In accordance with the requirements of the Privacy Act of 1974, as amended, 5 U.S.C. 552a, the Securities and Exchange Commission (``Commission'' or ``SEC'') gives notice of a proposed Privacy Act system of records: ``Ethics Conduct Rules Files (SEC-60).'' This system will contain information related to applicable SEC Ethics Conduct Rules (currently found at 17 CFR Part 200 Subpart M), including outside employment and activities, and covered securities transactions, securities holdings and securities accounts.

Summary of Application: Applicants seek an order under Section 6(c) of the Act to exempt certain transactions from the provisions of Sections 2(a)(32), 22(c), and 27(i)(2)(A) of the Act and Rule 22c-1 thereunder, to the extent necessary to permit the recapture, under specified circumstances, of certain contract enhancements applied to purchase payments made under the deferred variable annuity contracts described in the application that Jackson National has issued \1\ and will issue through the JNL Separate Account (the ``Contracts'') as well as other contracts that Jackson National may issue in the future through its existing or future separate accounts (``Other Accounts'') that are substantially similar in all material respects to the Contracts (``Future Contracts''). Applicants also request that the order being sought extend to any other Financial Industry Regulatory Authority (``FINRA'') member broker-dealer controlling or controlled by, or under common control with, Jackson National, whether existing or created in the future, that serves as distributor or principal underwriter for the Contracts or Future Contracts (``Affiliated Broker- Dealers'') and any successors in interest to the Applicants.

Summary of Application: Applicants request an order that would permit (a) certain open-end management investment companies and their series to issue shares (``Shares'') redeemable in large aggregations (``Creation Unit Aggregations'') only; (b) secondary market transactions in Shares to occur at negotiated market prices; (c) certain series to pay redemption proceeds, under certain circumstances, more than seven days after the tender of Shares for redemption; (d) certain affiliated persons of the series to deposit securities into, and receive securities from, the series in connection with the purchase and redemption of Creation Unit Aggregations; and (e) certain registered management investment companies and unit investment trusts outside of the same group of investment companies as the series to acquire Shares.