On September 14, the Commodity Futures Trading Commission’s Divisions of Market Oversight and Swap and Intermediary Oversight issued Staff Letter 16-72, which announced that Yieldbroker PTY Limited (Yieldbroker), a multilateral swaps trading facility licensed and regulated in Australia, has qualified for the long-term, no-action relief provided under Staff Letter 15-29. Staff Letter 15-29 provides qualifying swaps trading platforms that are licensed and regulated in Australia with long-term, no-action relief from swap execution facility (SEF) registration requirements. (For a more complete discussion of Staff Letter 15-29, see the May 22, 2015 edition of Corporate & Financial Weekly Digest.) Yieldbroker will be the first foreign-regulated, multilateral SEF that permits direct access to US persons to qualify for SEF registration relief.
Continue Reading CFTC Staff Issues No-Action Letter Relating to Yieldbroker PTY Limited’s Relief From SEF Registration Requirements