JCAP101.com

An Agency No-Action Letter is a formal communications issued by regulatory agencies that indicate they will not take enforcement action against a specific party or transaction under certain conditions. These letters are typically requested by businesses or individuals seeking assurance that their proposed activities or transactions comply with regulatory requirements and will not trigger legal or regulatory penalties. By issuing an Agency No-Action Letter, the agency provides a form of regulatory relief or guidance, clarifying that, based on the information provided and the current understanding, they will refrain from pursuing enforcement actions. However, these letters are generally specific to the circumstances described and do not constitute a binding precedent for other cases.