no action letter

no-action letter. A letter from the staff of a governmental agency stating that if the facts are as represented in a person’s request for an agency ruling, the staff will advise the agency not to take action against the person. • Typically, a no-action letter is requested from the SEC on such matters as shareholder proposals, resales of stock, and marketing techniques. [Cases: Securities Regulation 81. C.J.S. Securities Regulation §§ 242–244.]

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词条贡献者

法律翻译Lester，毕业于英国一流的高级翻译学院，专注翻译各类与消费者与零售产品有关的法律文件。