No-Action Letter
/ˌnoʊˈækʃən ˈlɛtər/
Definitions
- (n.) A written statement from a regulatory authority indicating that it will not recommend enforcement action against a party for a specific activity based on the facts presented.
The company requested a no-action letter to confirm compliance with securities regulations before proceeding.
Forms
- no-action letter
- no-action letters
Related terms
See also
Commentary
No-action letters provide regulatory clarity without formal rulemaking and are often used in securities and financial regulation contexts.
This glossary is for general informational and educational purposes only. Definitions are jurisdiction-agnostic but reflect terminology and concepts primarily drawn from English and American legal traditions. Nothing herein constitutes legal advice or creates a lawyer-client relationship. Users should consult qualified counsel for advice on specific matters or jurisdictions.