CFTC Staff Letter 16-52: Extension of No-Action Relief for Yieldbroker Pty Limited

The Division of Market Oversight extends conditional no-action relief from the swap execution facility registration requirement for Yieldbroker Pty Limited until September 15, 2016. This extension allows Yieldbroker additional time to comply with the conditions of No-Action Letter No. 15-29 and permits the Division to review Yieldbroker's application for relief. The relief remains contingent upon Yieldbroker satisfying six specific conditions, including restrictions on trading products and maintaining an order book compliant with Commission regulations.

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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. 16-52
No-Action
May 12, 2016
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:
This letter is in response to Yieldbroker’s letter dated April 26, 2016, to the Division of Market Oversight (“DMO” or “Division”) of the Commodity Futures Trading Commission (“CFTC” or “Commission”) in which Yieldbroker requested an extension of conditional noaction relief from the swap execution facility (“SEF”) registration requirement. Yieldbroker is currently operating pursuant to the no-action relief provided by CFTC No-Action Letter No. 15- 56, which will expire on May 15, 2016. The Division is extending conditional no-action relief from the SEF registration requirement for Yieldbroker until September 15, 2016.
I. Background:

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Lineage: In force

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Timeline

This document amends: CFTC Staff Letter 13-76: Conditional Time-Limited No-Action Relief for Yieldbroker Pty Ltd

Source: Commodity Futures Trading Commission — original document · Summary generated with machine assistance and reviewed before publication; the authoritative text is the regulator's original document. How RegAlert works