Securities and Exchange Commission October 29, 2010 – Federal Register Recent Federal Regulation Documents

Summary of Application: Applicants seek an order approving the proposed substitutions (the ``Substitutions'') of certain series of Nationwide Variable Insurance Trust (the ``Trust'' or ``NVIT'') for shares of series of other unaffiliated registered investment companies held by the Separate Accounts under certain variable annuity contracts and/or variable life insurance policies issued by the Insurance Companies (collectively, the ``Contracts''). Section 17(b) Applicants also seek an order pursuant to Section 17(b) of the Act to permit certain in-kind transactions in connection with the Substitutions.

Section 929Y of the Dodd-Frank Wall Street Reform and Consumer Protection Act (the ``Dodd-Frank Act'') directs the Securities and Exchange Commission (the ``Commission'') to solicit public comment and thereafter conduct a study to determine the extent to which private rights of action under the antifraud provisions of the Securities Exchange Act of 1934 (the ``Exchange Act'') should be extended to cover transnational securities fraud. The Commission is soliciting comment on this question and on related questions.