A no-action letter is a letter written by the staff members of a government agency, requested by an entity subject to regulation by that agency, indicating that the staff will not recommend that the agency take legal action against the entity, should the entity engage in a course of action proposed by the entity through its request for a no-action letter.[1][2]
Often, a request is made because the legality of the course of action in question is uncertain, and in some cases a request may be granted when it is understood that the action is not technically legal, but is nonetheless acceptable according to a common sense approach to the situation.[citation needed]
action, letter, action, letter, letter, written, staff, members, government, agency, requested, entity, subject, regulation, that, agency, indicating, that, staff, will, recommend, that, agency, take, legal, action, against, entity, should, entity, engage, cou. A no action letter is a letter written by the staff members of a government agency requested by an entity subject to regulation by that agency indicating that the staff will not recommend that the agency take legal action against the entity should the entity engage in a course of action proposed by the entity through its request for a no action letter 1 2 Often a request is made because the legality of the course of action in question is uncertain and in some cases a request may be granted when it is understood that the action is not technically legal but is nonetheless acceptable according to a common sense approach to the situation citation needed Examples editUS Securities and Exchange Commission SEC 1 US Consumer Financial Protection Bureau CFPB 3 Australian Securities and Investments Commission ASIC 2 Financial Services Agency japan 4 References edit a b No Action Letters a b RG 108 No action letters CFPB Announces First No Action Letter to Upstart Network https www fsa go jp en refer noact index menu html a href Template Cite web html title Template Cite web cite web a Missing or empty title help nbsp This law related article is a stub You can help Wikipedia by expanding it vte Retrieved from https en wikipedia org w index php title No action letter amp oldid 1186578472, wikipedia, wiki, book, books, library,
