D.C. Mun. Regs. tit. 26, r. 26-B186

Current through Register Vol. 71, No. 49, December 6, 2024

Rule 26-B186 - INVESTMENT ADVISER OPINION AND NO ACTION LETTERS

186.1

Upon written request for a statement of the Department's position on the applicability of enforcement actions contemplated under the Act, the Director (or designee), in discretion, may honor such requests by issuing a no action letter or interpretative opinion.

186.2

An "opinion" or "no action" letter represents the recommendation the Director would make to the Commissioner on the basis of the facts presented; it is not a formal administrative act of the Commissioner. The Director's opinion is predicated upon the assumption that the facts presented are a true and complete statement of all the circumstances surrounding the transaction in question and is of no effect unless the facts are as stated.

186.3

Such letters or opinions shall also be kept in the Department's public files.

186.4

For obtaining an "opinion" or "No action" letter from the Department, the fee shall be two hundred and fifty dollars ($ 250);

D.C. Mun. Regs. tit. 26, r. 26-B186

Final Rulemaking published at 40 DCR 6732 (September 24, 1993); as amended by Emergency Rulemaking published at 48 DCR 1987 (March 2, 2001) [EXPIRED]; as amended by Final Rulemaking published at 48 DCR 4106 (May 11, 2001)