SEC Division of Corporation Finance no-action letter: Deutsche Bank AG

PAUL, WEISS, RIFKIND, WHARTON & GARRISON LLT
1285 AVENUE OF THE AMERICAS
NEW YORK, NEW YORK IOOI9-606 4
TELEPHON E <2I2t37 3 300 0
UNIT 360 1
LLOYD K OARRISON
RANDOLP H E PAUL
SIMON H RIFK1ND
LOUIS S WEISS
JOH N F WHARTO N
I 946- 1 991 i
1 946- 1 956 t
1950- ! 995 i
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I 927- ! 97 7 i
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  December 15, 2016
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  TAURIE M ZEITZER
  T ROBERT ZOCHOWSKI JR
  Tim Henseler, Esq.
  Chief, Office of Enforcement Liaison
  Division of Corporation Finance
  Securities and Exchange Commission
  100 F Street, N.E.
  Washington, DC 20549
  Re: In the Matter of Deutsche Bank Securities Inc.
  Rule 405
  Waiver Request under
  Dear Mr. Henseler:
  We submit this letter on behalf of our client, Deutsche Bank Aktiengesellschaft ("Deutsche Bank AG"), in connection with the settlement of the above-referenced administrative proceeding by the Securities and Exchange Commission (the "Commission") against Deutsche Bank Securities Inc. ("DBSI"), a wholly owned indirect subsidiary of Deutsche Bank AG. Pursuant to Rule 405 promulgated under the Securities Act of 1933, as amended (the "Securities Act"), Deutsche Bank AG hereby respectfully requests that the Commission determine that for good cause shown it is not necessary under the circumstances that Deutsche Bank AG be considered an "ineligible issuer" under Rule 405.