Final Rule
Prohibitions and Restrictions on Proprietary Trading and Certain Interests in, and Relationships With, Hedge Funds and Private Equity Funds
Overview
The OCC, Board, FDIC, and SEC (individually, an "Agency,' and collectively, "the Agencies') are adopting a rule that would implement section 13 of the BHC Act, which was added by section 619 of the Dodd-Frank Wall Street Reform and Consumer Protection Act ("Dodd- Frank Act'). Section 13 contains certain prohibitions and restrictions on the ability of a banking entity and nonbank financial company supervised by the Board to engage in proprietary trading and have certain interests in, or relationships with, a hedge fund or private equity fund.
Prior Actions
Proposed Rule (34-66057)
Release Number
34-66057
SEC Issue Date
Dec. 23, 2011
Federal Register Publish Date
Jan. 3, 2012
Document Citation
77 FR 23
RIN
1557-AD44, 3064-AD85, 3235-AL07
Proposed Rule (34-65545)
Release Number
34-65545
SEC Issue Date
Oct. 12, 2011
Federal Register Publish Date
Nov. 7, 2011
Document Citation
76 FR 68846
RIN
1557-AD44, 3064-AD85, 3235-AL07
Resources
Details
File Number
S7-41-11
Rule Type
Final
Release Number
BHCA-1
SEC Issue Date
Dec. 10, 2013
Effective Date
April 1, 2014
Federal Register Publish Date
Jan. 31, 2014
Document Citation
79 FR 5535
RIN
1557-AD44, 3064-AD85, 3235-AL07, 7100 AD82