Section 0780-04-01-.05 - NO-ACTION LETTERS AND INTERPRETIVE OPINIONS(1) In case of any question concerning the Act, the Division staff may in its sole discretion entertain a request for a no-action letter or interpretive opinion. If issued, a no-action letter or an interpretive opinion only expresses the current position of the Division staff with respect to enforcement, and is not binding on the commissioner or third parties. A request for a no-action letter or interpretive opinion must be in writing and in the format described in SEC Release No. 33-6269.(2) The Division will maintain an index, chronologically and by statutory section, of all no-action letters and interpretive opinions issued. Copies of such letters may be reviewed in the Division's office and copies thereof obtained upon payment of reasonable costs of duplication.Tenn. Comp. R. & Regs. 0780-04-01-.05
Original rule filed September 9, 1980; effective October 24, 1980. Repeal and new filed September 28, 1990; effective November 12, 1990. Amendment filed December 23, 2014; effective March 23, 2015. On January 27, 2015, the Tennessee Department of Commerce and Insurance filed a withdrawal of the amendment. Repeal and new rule filed March 16, 2015; effective 6/14/2015.Authority: T.C.A. §§ 48-1-115, 48-1-116, and 48-1-117(e).