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 ¡ì¡ì 242¨C244.]
How many ways are there to translate NO-ACTION LETTER in Chinese?
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