CFTC Extends Time-Limited No-Action Relief to Yieldbroker Pty Limited (CFTC Letter 13-67)

The CFTC Division of Market Oversight ("DMO") announced the issuance of a no-action letter extending time-limited relief for Australian-based trading platform, Yieldbroker Pty Limited ("Yieldbroker"). The extension confirms that the CFTC will not take enforcement action against Yieldbroker for its failure to register as a swap execution facility under Commodity Exchange Act Section 5h(a)(1) ("Swap Execution Facilities") or CFTC Rule 37.3(a)(1) ("Requirements for registration"), or against any market participants for use of or other relationships with Yieldbroker for an additional period, expiring on December 1, 2013.

See: CFTC Letter 13-67. Related news: CFTC's DMO Provides Time-Limited No-Action Relief to Australian-Based Trading Platform Yieldbroker Pty Limited (CFTC Letter 13-59) (September 30, 2013).