This is in response to the SEC's recent No-Action letter
which clarifies the utilization of the internet for online Private Placements under rule 506(b).
Lawyers told Compliance Complete the card mail-outs were likely to breach laws governing unsolicited offers of financial products, but ASIC's no-action letter
meant the matter was unlikely to ever go before the courts.
The prize everyone wants to achieve is a no-action letter
This is welcome news for REITs and confirms what some practitioners had either assumed or hoped would be the case since the SEC's Division of Investment Management issued a no-action letter
Ford did that only after getting the Securities and Exchange Commission to write a so-called no-action letter
that would allow the company to issue a prospectus without including the bond's normally required ratings from the major ratings agencies.
The new CFTC amendment adds new terms and conditions that must be satisfied by DME within 120 days in order to maintain the relief granted by the no-action letter
NRSRO status was obtained by requesting a staff no-action letter
from the SEC.
Smithfield said the competition committee issued a no-action letter
to Maple Leaf, clearing the deal in Canada.
CPAs and audit committees should consider seeking assurance from the SEC on questionable areas through a no-action letter
, which may take up to 90 days.
Securities and Exchange Commission for advice, in the form of a no-action letter
, as to what fundraising Anka could do without being licensed as a securities broker.
The government intends to establish guidelines for the no-action letter
system by the March 31, 2001, end of fiscal 2000 to pave the way for its launch in the three areas at the start of fiscal 2001, the officials said.
The SEC's most significant change involves a reversal of its 1992 no-action letter
in a controversy involving Cracker Barrel Old Country Store.