Volcker rule: Text of the Final Common Rules
(All Agencies)
The text of the final common rules appears below:
Welcome to our latest issue of issue of ValueWalk’s hedge fund update. Below subscribers can find an excerpt in text and the full issue in PDF format. Please send us your feedback! Featuring Andurand's oil trading profits surge, Bridgewater profits from credit, and Tiger Cub Hedge Fund shuts down. Q1 2022 hedge fund letters, conferences Read More
PART [ ] —PROPRIETARY TRADING AND CERTAIN INTERESTS IN AND RELATIONSHIPS WITH COVERED FUNDS SUBPART A Authority and Definitions
Section 1 Authority, purpose, scope, and relationship to other authorities.
Section 2 Definitions.
SUBPART B Proprietary Trading
Section 3 Prohibition on proprietary trading.
Section 4 Permitted underwriting and market making-related activities.
Section 5 Permitted risk-mitigating hedging activities.
Section 6 Other permitted proprietary trading activities.
Section 7 Limitations on permitted proprietary trading activities.
Section 8 [Reserved]
Section 9 [Reserved]
SUBPART C Covered Fund Activities and Investments
Section 10 Prohibition on acquiring or retaining an ownership interest in and having certain relationships with a covered fund.
Section 11 Permitted organizing and offering of a covered fund.
Section 12 Permitted investment in a covered fund.
Section 13 Other permitted covered fund activities and investments.
Section 14 Limitations on relationships with a covered fund.
Section 15 Other limitations on permitted covered fund activities and investments.
Section 16 [Reserved]
Section 17 [Reserved]
See full text here: Volcker Rule
Volcker rule: Text of the Final Common Rules
Updated on