Read more / Original news source: https://www.occ.gov/news-issuances/news-releases/2020/nr-ia-2020-11.html
Agencies Propose Changes to Modify “Covered Funds” Restrictions of Volcker Rule
Five federal financial regulatory agencies on Thursday invited public comment on a proposal to modify regulations implementing the Volcker rule’s general prohibition on banking entities investing in or sponsoring hedge funds or private equity funds – k…
Five federal financial regulatory agencies on Thursday invited public comment on a proposal to modify regulations implementing the Volcker rule's general prohibition on banking entities investing in or sponsoring hedge funds or private equity funds - known as "covered funds."