Regulatory Alerts2020-09-25 | 2020-21100Prohibitions and Restrictions on Proprietary Trading and Certain Interests in, and Relationships With, Hedge Funds and Private Equity Funds; Correction
The OCC, Board of Governors of the Federal Reserve System, FDIC, SEC, and CFTC issued a notification of correction to fix technical errors in their July 31, 2020 final rule implementing Section 13 of the Bank Holding Company Act. The agencies corrected amendatory instructions that inaccurately referenced revisions to paragraph (d)(1) and specific provisions in 17 CFR 255.10(c)(11) and 75.10(c)(11). This correction ensures the Federal Register notice aligns with the agencies' intended regulatory changes while maintaining the original October 1, 2020 effective date.
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