CFTC Staff Letter 14-139: Extension of No-Action Relief for Yieldbroker Pty Limited

U.S. COMMODITY FUTURES TRADING COMMISSION
Three Lafayette Centre
1155 21st Street, NW, Washington, DC 20581
Telephone: (202) 418-5260
Facsimile: (202) 418-5527
Division of
Market Oversight
CFTC Letter No. 14-139
No-Action
November 13, 2014
Division of Market Oversight
Richard Swift
Chief Executive Officer
Yieldbroker Pty Limited
Level 12, 130 Pitt Street
Sydney, NSW 2000, Australia
Re: Conditional Time-Limited No-Action Relief with Regard to Section 5h(a)(1) of the Commodity Exchange Act and Commission Regulation 37.3(a)(1) Dear Mr. Swift:
On December 20, 2013, the Division of Market Oversight (“DMO” or “Division”) of the Commodity Futures Trading Commission (“CFTC” or “Commission”) issued CFTC No-Action Letter No. 13-76 (“December 2013 Letter”) 1 granting time-limited conditional relief to Yieldbroker Pty Limited (“Yieldbroker”). Pursuant to the December 2013 Letter, DMO would not recommend to the Commission that it commence an enforcement action against Yieldbroker for violation of section 5h(a)(1) of the Commodity Exchange Act (the “Act”) 2 or Commission Regulation 37.3(a)(1), 3 or against any other market participant that uses or has other relationships with Yieldbroker, based on Yieldbroker’s failure to register as a SEF, until May 15,
2014. On May 14, 2014, DMO issued No-Action Letter 14-70 extending the conditional no￾action relief granted to Yieldbroker by the December 2013 Letter through August 15, 2014. 4
On
August 11, 2014, DMO issued No-Action Letter 14-105 extending the same conditional relief to Yieldbroker through November 15, 2014. 5