Proposed Revisions to Prohibitions and Restrictions on Proprietary Trading and Certain Interests in, and Relationships With, Hedge Funds and Private Equity Funds (Volcker rule)

Title:

Proposed Revisions to Prohibitions and Restrictions on Proprietary Trading and Certain Interests in, and Relationships With, Hedge Funds and Private Equity Funds (Volcker rule)

Subject: Volcker rule
Agency: FDIC, Federal Reserve, OCC
Status: Proposed rule
Summary:

The OCC, Board, FDIC, SEC, and CFTC (individually, an Agency, and collectively, the Agencies) are inviting comment on a proposal to amend the regulations implementing the Bank Holding Company Act’s (BHC Act) prohibitions and restrictions on proprietary trading and certain interests in, and relationships with, hedge funds and private equity funds in a manner consistent with the statutory amendments made pursuant to certain sections of the Economic Growth, Regulatory Relief, and Consumer Protection Act. The statutory amendments exclude from these restrictions certain firms that have total consolidated assets equal to $10 billion or less and total trading assets and liabilities equal to five percent or less of total consolidated assets and amend the restrictions applicable to the naming of a hedge fund or private equity fund to permit an investment adviser that is a banking entity to share a name with the fund under certain circumstances.

FR Doc:
Date proposed: December 21, 2018
Comments due date:

March 11, 2019 (Comments are due April 9, 2019, on the Paperwork Reduction Act burden estimates.)

Final rule effective date:
Rule compliance date:
Agency release:

Joint Release/Agencies Invite Comment on a Proposal to Exclude Community Banks from the Volcker Rule

Related Reg Report item(s):

Twas the weekend before Christmas – and agencies present Volcker rule exclusion proposal for community banks

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