SEC Issues No-Action Relief to RBC

The SEC Division of Trading and Markets issued a no-action letter in response to a request from the Royal Bank of Canada ("RBC"). The no-action letter allows RBC and certain of its affiliates to conduct specified transactions outside the United States in RBC shares in connection with a proposed acquisition by RBC.

The SEC granted the no-action relief, exempting RBC from Rules 101 and 102 of Regulation M.

See: SEC No-Action Letter.