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TREAS/OCC | RIN: 1557-AE27 | Publication ID: Fall 2018 |
Title: Proposed Revisions to Prohibitions and Restrictions on Proprietary Trading and Certain Interests in, and Relationships With, Hedge Funds and Private Equity Funds | |
Abstract:
The OCC, FRB, and FDIC have requested comment on a proposal that would amend the regulations implementing section 13 of the Bank Holding Company Act. Section 13 contains certain restrictions on the ability of banking entities to engage in proprietary trading and acquire or retain certain interests in, or enter into certain relationships with, a hedge fund or private equity fund. The proposed amendments are intended to provide banking entities with clarity about what activities are prohibited and to improve supervision and implementation of section 13. |
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Agency: Department of the Treasury(TREAS) | Priority: Substantive, Nonsignificant |
RIN Status: Previously published in the Unified Agenda | Agenda Stage of Rulemaking: Final Rule Stage |
Major: Undetermined | Unfunded Mandates: No |
EO 13771 Designation: Independent agency | |
CFR Citation: 12 CFR 44 | |
Legal Authority: 7 U.S.C. 27 et seq. 12 U.S.C. 1 et seq. 12 U.S.C. 24 12 U.S.C. 92a 12 U.S.C. 93a 12 U.S.C. 161 12 U.S.C. 1461 12 U.S.C. 1462a 12 U.S.C. 1463 12 U.S.C. 1464 12 U.S.C. 1467a 12 U.S.C. 1813q 12 U.S.C. 1818 12 U.S.C. 1851 12 U.S.C. 3101 12 U.S.C. 3102 12 U.S.C. 3108 12 U.S.C. 5412 |
Legal Deadline:
None |
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Timetable:
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Regulatory Flexibility Analysis Required: No | Government Levels Affected: None |
Federalism: No | |
Included in the Regulatory Plan: No | |
RIN Data Printed in the FR: No | |
Agency Contact: Beth Kirby Assistant Director for Securities and Corporate Practices Department of the Treasury Comptroller of the Currency 400 7th Street SW., Washington, DC 20219 Phone:202 649-7236 Email: beth.kirby@occ.treas.gov Tabitha Edgens Counsel Department of the Treasury Comptroller of the Currency Chief Counsel's Office, 400 7th Street SW., Washington, DC 20219 Phone:202 649-6534 Email: tabitha.edgens@occ.treas.gov |