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, SEC, and CFTC are adopting amendments to the regulations implementing section 13 of the Bank Holding Company Act. Section 13 contains certain 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. These final amendments are intended to provide banking entities with clarity about what activities are prohibited and to improve supervision and implementation of section 13.
Prior Actions
Proposed Rule (BHCA-4)
Release Number
BHCA-4
SEC Issue Date
Sept. 4, 2018
Proposed Rule (BHCA-3)
Release Number
BHCA-3
SEC Issue Date
June 5, 2018
Federal Register Publish Date
Sept. 11, 2018
Document Citation
83 FR 45860
RIN
1557-AE27, 3038-AE72, 3064-AE67, 3235-AM10
Resources
Details
File Number
S7-14-18
Rule Type
Final
Release Number
BHCA-7
SEC Issue Date
Sept. 18, 2019
Effective Date
January 1, 2020
Compliance Date
see
Federal Register Publish Date
Nov. 14, 2019
Document Citation
84 FR 61974
RIN
1557-AE27, 3038-AE72, 3064-AE67, 3235-AM10