ARTICLE
30 December 2013

Final Rules Implementing The Volcker Rule

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On December 10, the Fed, CFTC, FDIC, OCC and SEC issued final rules to implement Section 619 of the Volcker Rule Act.
United States Corporate/Commercial Law

On December 10, the Fed, CFTC, FDIC, OCC and SEC issued final rules to implement Section 619 of the Volcker Rule Act (the Volcker Rule), which prohibit insured depository institutions and banking entities from engaging in short-term proprietary trading of certain securities, derivatives, commodity futures and options for their own account. Banking organizations covered by the rules will be required to fully conform their activities and investments by July 21, 2015. Joint Release. Final Rules. Fact Sheet.

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