Financial regulators finalized a rule modifying the Volcker Rule’s prohibition on banking entities investing in or sponsoring hedge funds or private equity funds.
June 26, 2020 / By ICBA
Financial regulators finalized a rule modifying the Volcker Rule’s prohibition on banking entities investing in or sponsoring hedge funds or private equity funds.
The rule, which takes effect Oct. 1, addresses compliance uncertainty by streamlining the rule and addressing the treatment of certain foreign funds. An ICBA-advocated provision of the S. 2155 regulatory relief law exempts most community banks from the Volcker Rule.
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