No-action letter

No-action letter

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.

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  • no-action letter — In the context of UK competition law, a letter issued by the Office of Fair Trading (OFT) to grant immunity from prosecution to an individual who is involved in a cartel offence under the Enterprise Act 2002. A no action letter may be granted… …   Law dictionary

  • no–action letter — see letter 1 Merriam Webster’s Dictionary of Law. Merriam Webster. 1996 …   Law dictionary

  • no-action letter — Letter written by attorney for governmental agency (e.g. S.E.C.) to effect that, if facts are as represented in request for ruling, he will advise agency not to take action because the facts do not warrant prosecution …   Black's law dictionary

  • no-action letter — Letter written by attorney for governmental agency (e.g. S.E.C.) to effect that, if facts are as represented in request for ruling, he will advise agency not to take action because the facts do not warrant prosecution …   Black's law dictionary

  • SEC no-action letter — USA A letter that is issued by the SEC stipulating that it does not object to a course of action proposed by the issuer. If the staff of the SEC issues such a letter, it generally confirms in the letter that it will not recommend that the SEC… …   Law dictionary

  • 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. Bloomberg Financial Dictionary …   Financial and business terms

  • letter — let·ter n 1: a direct written statement addressed to an individual or organization; broadly: an official communication see also counterletter determination letter: a letter from an administrative agency (as the Internal Revenue Service) usu. in… …   Law dictionary

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  • letter before action — A final letter sent by a creditor or its solicitors, following a series of demands for payment etc. or negotiations which sets a timescale (e.g. seven days) within which satisfaction is required and failing such a response, legal proceedings are… …   Law dictionary

  • Action of 1 April 2010 — Part of Piracy in Somalia, Operation Ocean Shield, Operation Enduring Freedom Horn of Africa …   Wikipedia

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