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Comment Period: Proposal to modify Volcker rule “covered funds” restrictions

The OCC, Board, FDIC, SEC, and CFTC (together, the agencies) are inviting comment on a proposal that would amend the regulations implementing section 13 of the Bank Holding Company Act (BHC Act). Section 13 contains certain restrictions on the ability of a banking entity or nonbank financial company supervised by the Board to engage in proprietary trading and have certain interests in, or relationships with, a hedge fund or private equity fund. The proposed amendments are intended to continue the agencies’ efforts to improve and 2 streamline the regulations implementing section 13 of the BHC Act by modifying and clarifying requirements related to the covered fund provisions. Read more here

  • April 1, 2020
  • Time: All Day