Informal guidance scheme limits departments to non-binding no-action and interpretive letters, subject to confidentiality and procedural conditions. The Scheme creates an Informal Guidance process allowing eligible market participants to seek Departmental No-action letters or Interpretive letters by submitting a detailed request to the relevant Department with the prescribed fee; Departments aim to respond within a fixed period, may hold hearings, and may refuse requests that are hypothetical, insufficiently factual, duplicative, subject to enforcement or litigation, or raise policy concerns. Guidance is the Department's view, non-binding on the Board, conditional on accurate facts, subject to confidentiality limits, and may be withdrawn or declared void if obtained by fraud.
Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
Provisions expressly mentioned in the judgment/order text.
Informal guidance scheme limits departments to non-binding no-action and interpretive letters, subject to confidentiality and procedural conditions.
The Scheme creates an Informal Guidance process allowing eligible market participants to seek Departmental No-action letters or Interpretive letters by submitting a detailed request to the relevant Department with the prescribed fee; Departments aim to respond within a fixed period, may hold hearings, and may refuse requests that are hypothetical, insufficiently factual, duplicative, subject to enforcement or litigation, or raise policy concerns. Guidance is the Department's view, non-binding on the Board, conditional on accurate facts, subject to confidentiality limits, and may be withdrawn or declared void if obtained by fraud.
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