The Office of the Comptroller of the Currency ("OCC") requested public comment on the Volcker Rule. The request was published in the Federal Register and comments are due by September 21, 2017.
As reported previously, the OCC identified four areas of the rule for consideration: (1) the scope of the entities to which the final rule applies, (2) the proprietary trading restrictions, (3) the covered fund restrictions, and (4) the compliance program and metrics reporting requirements.
The OCC requested public input in order to improve and inform proposed changes that could be made to the rule (without requiring revisions to the underlying statute). The OCC also asked for comments on how regulators could implement the existing rule more effectively.
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