INVESTMENT COMPANY ACT RELEASES – Nationwide Life Insurance Company, et al.

An order has been issued under Section 6(c) of the Investment Company Act, as amended (Act), to Nationwide life insurance Company (NWL), Nationwide Variable Account-II and Nationwide Investment Services Corporation (together the Applicants) granting exemptions from Sections 2(a)(32), 22(c) and 27(i)(2)(A) of the Act and Rule 22c-1 thereunder, to permit the recapture of certain bonus credits applied to purchase payments made under a certain deferred variable annuity contract (Current Contract) issued by NWL and under contracts that are substantially similar in all material respects to the Current Contract that NWL may issue in the future (Future Contracts) (Current Contract and Future Contracts collectively, the Contracts). The order also extends to any other separate accounts of NWL and its successors in interest that support the Future Contracts and any financial Industry Regulatory Authority member broker-dealers controlling, controlled by, or under common control with any Applicant, whether existing or created in the future, that may act as principal underwriter for the Contracts.