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TREAS/OCC

RIN: 1557-AE27

Publication ID: Fall 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, FDIC, SEC, and CFTC 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 to 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: No	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 Extended 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 Counsel 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