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SEC and other organizations simplify requirements related to the Volcker Rule

  • SEC document Image

Oct 09, 2019

The SEC and several other government agencies — including the Federal Reserve Board, CFTC, FDIC, and OCC — have jointly finalized revisions to compliance requirements related to the Volcker Rule.

The revisions would lessen the compliance requirements for firms that do not have significant trading activities, while “firms with significant trading activity will have more stringent compliance requirements.” In addition, the revisions “continue to prohibit proprietary trading, while providing greater clarity and certainty for activities allowed under the law.”

For more in­for­ma­tion, see the press release on the SEC’s Web site.

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