Regulatory Alerts2018-07-17 | 2018-13502Proposed Revisions to Prohibitions and Restrictions on Proprietary Trading and Certain Interests in, and Relationships With, Hedge Funds and Private Equity Funds
The OCC, Board of Governors of the Federal Reserve System, FDIC, SEC, and CFTC propose amendments to regulations implementing Section 13 of the Bank Holding Company Act, commonly known as the Volcker Rule. These proposed changes aim to provide banking entities with greater clarity regarding prohibited proprietary trading and covered fund activities while improving supervisory implementation and compliance resource allocation. The Agencies seek public comment on these modifications to enhance the effectiveness of examinations and ensure safety and soundness consistent with the statutory framework.
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