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FDIC

RIN: 3064-AE67

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 (Volcker Rule)
Abstract: The OCC, Board, FDIC, SEC, and CFTC (individually, an Agency, and collectively, the Agencies) are requesting comment on a proposal that would amend the regulations implementing section 13 of the Bank Holding Company Act (BHC 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. 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.
Agency: Federal Deposit Insurance Corporation(FDIC)	Priority: Other Significant
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 351
Legal Authority: 12 U.S.C. 1811 12 U.S.C. 1851 12 U.S.C. 3101 12 U.S.C. 5412

Legal Deadline: None

Timetable:

Action	Date	FR Cite
NPRM	07/17/2018	83 FR 33432
NPRM Comment Period Extended	09/11/2018	83 FR 45860
NPRM Comment Period End	09/17/2018
NPRM Comment Period Extended End	10/17/2018
Final Rule	12/00/2018

Additional Information: Email: Comments@fdic.gov. Include RIN 3064-AE67 in the subject line of the message.
Regulatory Flexibility Analysis Required: No	Government Levels Affected: None
Small Entities Affected: No	Federalism: No
Included in the Regulatory Plan: No
RIN Information URL: www.fdic.gov/regulations/laws/federal/propose.html	Public Comment URL: www.fdic.gov/regulations/laws/federal/propose.html
RIN Data Printed in the FR: No
Related Agencies: Joint: TREAS/OCC, FRS, CFTC, SEC;
Agency Contact: Peter Yen Chief, Capital Market Strategies Section Federal Deposit Insurance Corporation 550 17th Street NW, Washington, DC 20429 Phone:202 898-6568 Email: pyen@fdic.gov Benjamin J. Klein Counsel Federal Deposit Insurance Corporation 550 17th Street NW, Washington, DC 20429 Phone:202 898-7027 Email: bklein@fdic.gov Michael Phillips Counsel Federal Deposit Insurance Corporation 550 17th Street NW, Washington, DC 20429 Phone:202 898-3581 Email: mphillips@fdic.gov