Market regulation · 25/09/2020

OCC, Board, FDIC, SEC, and CFTC Issue Correction to Federal Register Rule on Proprietary Trading and Hedge Funds

The Office of the Comptroller of the Currency (OCC), the Federal Reserve Board, the Federal Deposit Insurance Corporation (FDIC), the Securities and Exchange Commission (SEC), and the Commodity Futures Trading Commission (CFTC) are issuing a correction to update the Federal Register rule regarding amendments to the regulations related to section 13 of the Bank Holding Company Act, which was published on July 31, 2020. The correction aims to make technical adjustments to the rule.