No-Action Letter

Also found in: Wikipedia

0.01 sec.

No-action letter

A letter from the Securities and Exchange Commission agreeing that the commission will take no civil or criminal action against a party, regarding a specific activity.

No-Action Letter

A letter from the SEC stating that it will seek no civil or criminal penalties for a given activity. The SEC sends no-action letters in response to inquiries from organizations regulated by it. For example, if a company wishes to take a certain action but is uncertain as to its legality, it requests clarification from the SEC. Receiving a no-action letter equates to permission to take the action in question.

no-action letter

A response from the SEC staff to an individual inquiry, stating that the staff will recommend to the Commission that no action be taken on a specific transaction if the transaction is carried out in the fashion indicated.

Want to thank TFD for its existence? Tell a friend about us, add a link to this page, add the site to iGoogle, or visit the webmaster's page for free fun content.

?Page tools

Printer friendly
Cite / link

Feedback
Add definition

Mentioned in	?		References in periodicals archive	?		Financial browser	?		Full browser	?
no further action letter			New products and features include: Legal Due Diligence Report, a workflow management tool related to periodic preparation, commercial transaction due diligence, litigation and competitive intelligence; Precedent Authority Database, a resource for researching the documents, contracts and agreements commonly associated with M&A transactions; and, No-Action Letters Database, a collection of no-action letters dating back to 1971. Global Information Services by Legal Publisher Smithfield said the competition committee issued a no-action letter to Maple Leaf, clearing the deal in Canada. Smithfield Foods Inc. said last week that the planned sale of its ... by Food & Drink Weekly Published by the Practicing Law Institute (New York), the volume carries case studies and reviews of SEC no-action letters and enforcement activity, as well as information on such topics as anti-money laundering, compensation, client privacy, reporting and record-keeping requirements. Securities by Legal Publisher			Niveau de confiance Nivel de confianza Nivel de resistencia Nivel general de inflacion Nixie Nizaam al-Misahah Nizaam al-Muqaasamah NL NLG NM NMS NO No Adjournment no bid No Book no buy, no pay clause no deal, no commission clause No docs no further action letter No incluido en el resultado del ejercicio No Par No Protest No Quote No rescatable No Substitution No-Action Letter No-Asset Loan No-Brainer No-Change Scenario No-Cost Mortgage no-doc loan No-Income Loan No-Load DRIP No-Load Fund No-Load Mutual Fund No-Load Stock No-Net-Sales Policy No-Par-Value Stock No-Ratio Loan no-ratio loans Noah Effect NOB spread NOBO NOI Noise Noise Trader Noise Trader Risk Noisy Chaos NOK Nome fantasia Nominal			no wonder No Work Fetch No Work, No Credit No Worker Left Behind No World for Tomorrow No Worries No Worries Mate No You Can't No! no' No'a No'a No'a No'ah No'ah No'ah No'kis No'kis No'mi No'mi No'omi No'omi No, no, a thousand times no! no, thank you no, thanks No, You no- No-Access Fault no-account no-accounts No-Action Letter No-Action Letters no-address instruction No-Answer-Supervision Control Platform No-Arbitrage Condition No-Arbitrage Conditions No-Asset Loan no-atmospheric control No-ball No-ball no-balled no-balled no-balling no-balling no-balls no-balls No-Bid No-bid contract no-bottom sounding no-brainer no-brainer no-brainers no-brainers no-break power No-Change Scenario no-claim bonus No-claims bonus no-claims bonuses no-claims discount no-claims discounts No-Contact Order

Financial Dictionary

Free Tools:	For surfers: Free toolbar & extensions \| Word of the Day \| Help For webmasters: Free content \| Linking \| Lookup box \| Double-click lookup

Disclaimer
All content on this website, including dictionary, thesaurus, literature, geography, and other reference data is for informational purposes only. This information should not be considered complete, up to date, and is not intended to be used in place of a visit, consultation, or advice of a legal, medical, or any other professional.