Regulatory Alerts2018-07-17 | 2018-13502Added · Updated
Proposed 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 jointly propose amendments to the 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 effectiveness and compliance resource allocation. The Agencies seek public comment on modifications designed to tailor the rule's application based on entity activities and risks without altering the core statutory prohibitions established in the 2013 final rule.
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