SEC Division of Corporation Finance Issues No-Action Letter Regarding UBS Group AG's Request to Reorganize Holding Company

The SEC Division of Corporation Finance ("Division") issued a no-action letter granting UBS Group AG an exemption from Exchange Act Rule 14e-5 ("Prohibiting Purchases Outside of a Tender Offer") for the purpose of allowing UBS to conduct a corporate restructuring in accordance with Swiss law.

See: No-Action Letter.