Qualified legal compliance committee

Qualified legal compliance committee means a committee of an issuer (which also may be an audit or other committee of the issuer) that:











(4) Has the authority and responsibility, acting by majority vote, to take all other appropriate action, including the authority to notify the Commission in the event that the issuer fails in any material respect to implement an appropriate response that the qualified legal compliance committee has recommended the issuer to take.

Source

17 CFR § 205.2

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Scoping language

For purposes of this part, the following definitions apply:

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