Regulatory Alerts2012-01-03 | 2011-33623Added
Extension of Comment Period for Proposed Rules on Proprietary Trading and Hedge Fund Restrictions
The OCC, Federal Reserve, FDIC, and SEC have extended the public comment period for their joint proposed rule implementing Section 619 of the Dodd-Frank Act until February 13, 2012. This extension allows additional time for stakeholders to analyze the proposed prohibitions and restrictions on banking entities engaging in proprietary trading and holding interests in hedge funds or private equity funds. The Securities and Exchange Commission simultaneously extended the comment period for its separate proposal on conflicts of interest in securitizations to coincide with this deadline, facilitating coordinated review of both regulatory initiatives.
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