No-Action Letter definition

No-Action Letter means the response of the Securities and Exchange Commission's Office of Chief Counsel of Investment Management, dated April 18, 1995, in respect of the Xxxxxxxxx Russia Fund, Inc. (SEC Ref. No. 95-151-CC, File No. 811-8788) providing "no- action" relief under '17(f) of the Investment Company Act of 1940, as amended, and SEC Rule 17- f5 thereunder, in connection with custody of such Xxxxxxxxx Russia Fund, Inc.'s investments in Russian Securities.

No-Action Letter has the meaning set forth in Section 1(b).

No-Action Letter means a letter from the Commissioner stating that the Commissioner does not, at such time, intend to bring an application under Section 92 of the Competition Act with respect to the transactions contemplated by this Agreement;

Examples of No-Action Letter in a sentence

• The Commission has issued a No- Action Letter to paragraph (e) of Rule 102 under Regulation M which allow the redemption of fund shares in creation unit aggregations during the continuous offering of shares.

• To obtain a No Action Letter a developer must submit a request which includes a thorough description of the proposed transaction, the property in- volved, and the circumstances sur- rounding the sale.

• If the sale of lots is subject to the registration requirements of the Act but the circumstances of the sale are such that no affirmative action to en- force the registration requirements is needed to protect the public interest or prospective purchasers, the Secretary may issue a No Action Letter.

• Please note: The above approach to determine the RP to a PB Intermediated swap was acknowledged by the CFTC in No Action Letter No. 12-531.

• The FSA has established detailed rules concerning the No Action Letter System.

More Definitions of No-Action Letter

No-Action Letter means written confirmation from the Commissioner of Competition that she or he does not, at that time, intend to make an application under Section 92 of the Competition Act in respect of the Transactions contemplated by this Agreement;

No-Action Letter means written confirmation from the Commissioner of Competition that he does not, at that time, intend to make an application under Section 92 of the Competition Act in respect of the transactions contemplated by this Agreement.

No-Action Letter means a written confirmation from the Commissioner that he does not, at that time, intend to make an application under section 92 of the Competition Act;

No-Action Letter means the No-Action Letter, dated November 23, 2010, regarding Regulation AB Items 1103(a)(9) and 1120.

No-Action Letter means written confirmation from the Commissioner that the Commissioner does not, at that time, intend to make an application under section 92 of the Competition Act in respect of the transactions contemplated by the Plan.

No-Action Letter means a written statement issued by the staff of a Divi- sion of the Commission or of the Office of the General Counsel that it will not recommend enforcement action to the Commission for failure to comply with a specific provision of the Act or of a Commission rule, regulation or order if a proposed transaction is completed or a proposed activity is conducted by the Beneficiary. A no-action letter rep- resents the position only of the Divi- sion that issued it, or the Office of the General Counsel if issued thereby. A no-action letter binds only the issuing Division or the Office of the General Counsel, as applicable, and not the Commission or other Commission staff. Only the Beneficiary may rely upon the no-action letter.

No-Action Letter means a letter wherein the Commissioner advises the Parties, and whether or not subject to any conditions or qualifications, that the Commissioner is of the view that there are not sufficient grounds at that time to initiate proceedings before the Competition Tribunal under the merger provisions of the Competition Act in respect of the transactions contemplated herein and in the BC Purchase Agreement;