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TREAS/OCC RIN: 1557-AE27 Publication ID: Spring 2019 
Title: Proposed Revisions to Prohibitions and Restrictions on Proprietary Trading and Certain Interests in, and Relationships With, Hedge Funds and Private Equity Funds 
Abstract:

The OCC, FRB, and FDIC have requested comment on a proposal that would amend the regulations implementing section 13 of the Bank Holding Company Act.  Section 13 contains certain restrictions on the ability of banking entities to engage in proprietary trading and acquire or retain certain interests in, or enter into certain relationships with, a hedge fund or private equity fund.  The proposed amendments are intended to provide banking entities with clarity about what activities are prohibited and to improve supervision and implementation of section 13.

 
Agency: Department of the Treasury(TREAS)  Priority: Substantive, Nonsignificant 
RIN Status: Previously published in the Unified Agenda Agenda Stage of Rulemaking: Final Rule Stage 
Major: Undetermined  Unfunded Mandates: No 
EO 13771 Designation: Independent agency 
CFR Citation: 12 CFR 44   
Legal Authority: 7 U.S.C. 27 et seq.    12 U.S.C. 1 et seq.    12 U.S.C. 24    12 U.S.C. 92a    12 U.S.C. 93a    12 U.S.C. 161    12 U.S.C. 1461    12 U.S.C. 1462a    12 U.S.C. 1463    12 U.S.C. 1464    12 U.S.C. 1467a    12 U.S.C. 1813q    12 U.S.C. 1818    12 U.S.C. 1851    12 U.S.C. 3101    12 U.S.C. 3102    12 U.S.C. 3108    12 U.S.C. 5412   
Legal Deadline:  None
Timetable:
Action Date FR Cite
NPRM  07/17/2018  83 FR 33432   
NPRM Comment Period Extended  09/11/2018  83 FR 45860   
NPRM Comment Period End  10/17/2018 
Final Rule  12/00/2019 
Regulatory Flexibility Analysis Required: No  Government Levels Affected: None 
Federalism: No 
Included in the Regulatory Plan: No 
International Impacts: This regulatory action will be likely to have international trade and investment effects, or otherwise be of international interest.
RIN Information URL: https://www.regulations.gov/docket?D=OCC-2018-0010   Public Comment URL: https://www.regulations.gov/docket?D=OCC-2018-0010  
RIN Data Printed in the FR: No 
Agency Contact:
Tabitha Edgens
Senior Attorney
Department of the Treasury
Comptroller of the Currency
Chief Counsel's Office, 400 7th Street SW.,
Washington, DC 20219
Phone:202 649-6534
Email: tabitha.edgens@occ.treas.gov

Mark O'Horo
Senior Attorney
Department of the Treasury
Comptroller of the Currency
Chief Counsel's Office, 400 7th Street SW.,
Washington, DC 20219
Phone:202 649-7821
Email: mark.o'horo@occ.treas.gov