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§ 270.32a-1 - Exemption of certain companies from affiliation provisions of section 32(a).

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A registered investment company shall be exempt from the provisions of paragraph (1) of section 32(a) of the Act (54 Stat. 838; 15 U.S.C. 80a-31), insofar as said paragraph requires that independent public accounts for such company be selected by a majority of certain members of the board of directors, if:

Such company meets the conditions of paragraphs (1) to (8), inclusive, of section 10(d) of the Act (54 Stat. 807; 15 U.S.C. 80a-10); and

Such accountants are selected by a majority of all the members of the board of directors.

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§ 270.31a-3 - Records prepared or maintained by other than person required to maintain and preserve them.
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§ 270.32a-2 - Exemption for initial period from vote of security holders on independent public accountant for certain registered separate accounts.