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.[1][2]

Often, a request is made because the legality of the course of action in question is uncertain, and in some cases a request may be granted when it is understood that the action is not technically legal, but is nonetheless acceptable according to a common sense approach to the situation.

Examples

References
  1. No Action Letters
  2. RG 108 No-action letters
  3. CFPB Announces First No-Action Letter to Upstart Network
The main article for this category is Corporate law.

Corporate law is a branch of law that examines the nature, creation and operation of legally incorporated businesses. For an overview, see the corporate law article.

The main article for this category is No-action letter.

Financial law is a branch of law that examines the financial markets, specifically insurance, derivatives, commercial banking, capital markets and investment management sector. Financial law is formed through three methods financial regulation, case law, and market practice. It forms a part of commercial law but on the aspects which relate to finance. For an overview, see the financial law article. Business law consists of many different areas taught in law school and business school curricula, including: Contracts, the law of Corporations and other Business Organizations, Securities Law, Intellectual Property, Antitrust, Secured Transactions, Commercial Paper, Income Tax, Pensions & Benefits, Trusts & Estates, Immigration Law, Labor Law, Employment Law and Bankruptcy. It is a branch of law that examines topics that impact the operation of a business.

The main article for this category is No-action letter.
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