CFTC Extends Conditional No-Action Relief to Yieldbroker Pty Limited (CFTC Letter 14-70)

The CFTC Division of Market Oversight ("DMO") announced the issuance of a no-action letter extending the conditional time-limited relief provided in CFTC Letter 13-76 for the Australian-based trading platform Yieldbroker Pty Limited ("Yieldbroker").

The extension of no-action relief states that the DMO will not recommend enforcement action by the CFTC against Yieldbroker for failure to register as a swap execution facility under CEA Section 5h(a)(1) ("Swap Execution Facilities") or CFTC Rule 37.3(a)(1) ("Requirements and Procedures for Registration") or against any market participants that uses or has other relationships with Yieldbroker for the period ending August 15, 2014. The relief is contingent upon Yieldbroker's satisfaction of the six conditions specified in CFTC Letter 13-76.

See: CFTC Letter 14-70. Related news: CFTC Issues No-Action Relief to Yieldbroker Pty Limited (CFTC Letter 13-76) (December 23, 2013); CFTC Extends Time-Limited No-Action Relief to Yieldbroker Pty Limited (CFTC Letter 13-67) (October 31, 2013); CFTC's DMO Provides Time-Limited No-Action Relief to Australian-Based Trading Platform Yieldbroker Pty Limited (CFTC Letter 13-59) (September 30, 2013).