Release Number 9121-25

CFTC Staff Issues No-Action Letter to UBS Europe SE Concerning Provision of Affiliate Support Activities

September 12, 2025

— The Commodity Futures Trading Commission’s Market Participants Division today announced it has issued a no-action letter extending to UBS Europe SE the no-action position in CFTC Staff Letter No. 12-70, notwithstanding that UBS Europe SE may be subject to statutory disqualification solely for the reasons described in the letter.

-CFTC-