Board of Governors of the Federal Reserve System Commodity Futures Trading Commission Federal Deposit Insurance Corporation Office of the Comptroller of the Currency Securities and Exchange Commission
Agencies Extend Comment Period for
Proposed Rule Simplifying and Tailoring the "Volcker Rule"
Five federal financial regulatory agencies on Tuesday
extended until October 17, 2018, the comment period for a proposed rule to simplify
and tailor compliance requirements for the “Volcker rule.” The Volcker rule generally restricts banking
entities from engaging in proprietary trading and from owning or controlling
hedge funds or private equity funds.
With the extension, the Federal Reserve Board, the
Commodity Futures Trading Commission, the Federal Deposit Insurance
Corporation, the Office of the Comptroller of the Currency, and the Securities
and Exchange Commission will have provided interested parties with
approximately four and a half months from the date the proposal was released to
the public to submit comments.
The proposal was released by the agencies in early
June with a 60-day comment period that began after publication in the Federal Register on July 17.
Media Contacts: Federal Reserve
Board Eric Kollig 202-452-2955 CFTC Erica
Richardson 202-418-8090 FDIC David Barr 202-898-6992 OCC Joe
Adamoli 202-649-6870 SEC Chris
Carofine 202-551-4120
FDIC: PR-55-2018
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