Regulatory Alerts2020-09-25 | 2020-21100Correction to Prohibitions and Restrictions on Proprietary Trading and Certain Interests in, and Relationships With, Hedge Funds and Private Equity Funds
The OCC, Federal Reserve Board, FDIC, SEC, and CFTC jointly issued this technical correction to amend the July 2020 Volcker Rule regulations implementing Section 13 of the Bank Holding Company Act. The agencies revised specific amendatory instructions to accurately reflect changes to paragraphs (d)(1) and sections 75.10(c)(11) and 255.10(c)(11) by explicitly adding or retaining introductory text across multiple Code of Federal Regulations titles. This correction ensures the published rule aligns with the agencies' intended regulatory amendments while maintaining the original October 1, 2020 effective date.
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