United States:
Responses To Frequently Asked Questions Regarding The Commission's Rule Under Section 13 Of The Bank Holding Company Act (The "Volcker Rule")
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The Staff of the SEC Division of Trading and Markets, Investment
Management, and Corporate Finance provided updated guidance on June
12, 2015 in response to frequently asked questions
("FAQs") regarding the SEC's final rule implementing
section 13 of the Bank Holding Company Act of 1956, commonly
referred to as the "Volcker Rule." The responses to these
FAQ's address a broad range of issues arising under the
restrictions imposed by the Volcker Rule on banking entities
proprietary trading activities and the ownership, sponsorship and
management of "covered funds." FAQ Responses.
The content of this article is intended to provide a general
guide to the subject matter. Specialist advice should be sought
about your specific circumstances.
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