SEC Issues No-Action Relief to UBS Securities Japan Co., Ltd.

The SEC Division of Corporate Finance issued a no-action letter to UBS AG in response to its request for relief from being considered an "ineligible issuer" under Securities Act Rule 405(1)(v) ("Definitions of Terms"). The request for relief came after a September judgment against UBS Securities Japan Co., Ltd. found it guilty of felony wire fraud in connection with improper activities in Yen LIBOR.

See: SEC No-Action Letter.