Regulatory Alerts2020-09-25 | 2020-21100Added
Prohibitions 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 the July 31, 2020 final rule implementing Section 13 of the Bank Holding Company Act. The agencies corrected amendatory instructions that inaccurately referenced paragraph revisions instead of the introductory text for specific regulatory sections. This correction ensures the Federal Register notice aligns with the intended regulatory changes while maintaining the original October 1, 2020 effective date.
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