Volcker rule: Text of the Final Common Rules
(All Agencies)
The text of the final common rules appears below:
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
