(TSX: WJA) ('WestJet') today announced that the Canadian Competition Bureau has granted unconditional approval for WestJet's proposed transaction with Onex Corporation ('Onex') (TSX: ONEX) (the 'Arrangement') by issuing a no-action letter
Upon admittance to the Sandbox, innovators will receive a limited no-action letter
setting out the duration of the beta test and establishing the limitations of the safe harbor in which the innovation may be used, implemented or sold.
For the same reasons, attention must be paid in advance to the text of any "no-action letter
" as confidentiality does not extend to "information relating to the insurance innovation necessary to clearly establish the safe harbor of the extended letter." This is of critical importance because the results of any Beta Test and any no-action letter
must be published on the DOI's website.
The Division of Investment Management of the Securities and Exchange Commission (SEC) issued a no-action letter
on March 25, clarifying that an employer-sponsored retirement plan that meets requirements for favorable tax treatment under the Puerto Rico (P.R.) tax code may participate in certain pooled investment vehicles without requiring the vehicle or interests in it to be registered under U.S.
If they are currently involved in assisting sellers in obtaining discharges from mortgage lenders or creditors in short sales and are not licensed under RSA 397-A or 399-D, it is recommended that they consult with counsel and consider whether under the facts and circumstances it is advisable to ask for a no-action letter
from the banking department.
(NYSE : FNF ) has announced the Canadian Competition Bureau has sent a no-action letter
indicating the bureau does not intend to oppose completion of the previously announced acquisition of Stewart Information Services Corporation by FNF, the company said.
(NYSE: PF) have received a "no-action letter
" from the Canadian Competition Bureau confirming that the Commissioner of Competition does not intend to challenge Conagra Brands' acquisition of Pinnacle Foods, the companies said.
BUREAU, supra note 147 (stating the various exceptions of the no-action letter
that leave fulfilment of the CFPB's "present intentions" up to the agency's discretion).
The CFTC could also issue what's known as a no-action letter
. The regulatory get-out-of-jail free cards allow firms to violate rules without the risk of being punished.
Last year, the Division of Investment Management, in consultation with my office and the Division of Corporation Finance, issued a temporary no-action letter
with respect to the Loan Provision regarding certain lending and ownership relationships.
Her practice will focus on all areas of transactional law, including no-action letter
condominium conversions, inclusionary housing, acquisitions, sales, financing and leasing.