SEC Division Grants Multinational Insurance Company No-Action Relief From "Ineligible Issuer" Status

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The SEC Division of Corporation Finance granted no-action relief to a British multinational insurance company from being considered an "ineligible issuer" under Rule 405 of the Securities Act.

United States Corporate/Commercial Law

The SEC Division of Corporation Finance granted no-action relief to a British multinational insurance company from being considered an "ineligible issuer" under Rule 405 of the Securities Act. The waiver is subject to the company ceasing and desisting from committing or causing any of the specified SEC violations.

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