No-Action Letters

Absent adoption by the Public Company Accounting Oversight Board (“PCAOB”) of a permanent program for the inspection of broker and dealer auditors, the no-action position ...

Adviser sought to have three existing exemptive orders carry over to a newly merged entity. The SEC said yes.

You state that utilization of Rule 486(b) would help ensure that the Fund has the ability to raise capital as the opportunity arises, and could ...

To allow adequate time for consideration of comments on the Proposed Order, the Divisions are further extending the No-Action Relief. Moreover, the Divisions note that ...

DMO believes that Yieldbroker’s operating rules, working in conjunction with Yieldbroker’s AML would provide transactions that are executed on Yieldbroker’s trading platform with a level ...

We would not recommend enforcement action to the Commission under Section 17(f)(1) of the 1940 Act against a Fund if the Fund places and maintains ...

DSIO will not recommend an enforcement action against a Phase 1 Firm that, acting in good faith, has not completed required custodial agreements or requires ...

Based on the facts presented and the representations ISDA has made, the Division of Clearing and Risk and the Division of Swap Dealer and Intermediary ...

With respect to margin collateral posted to a swap dealer or other counterparty for a noncleared swap, the broker-dealer must deduct the value of the ...

You state that you seek the same exemptive relief from Rule 102 of Regulation M, as granted in the Original Relief, to permit RBSG and ...