Volcker Rule Becomes Effective

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On 1 April 2014, the final regulations known as the Volcker Rule became effective.
United States Finance and Banking

On 1 April 2014, the final regulations known as the Volcker Rule, issued jointly on 10 December 2014 by the Office of the Comptroller of the Currency ("OCC"), the Federal Reserve Board, the Federal Deposit Insurance Corporation, the Securities and Exchange Commission ("SEC"), and the CFTC to implement section 619 of the Dodd-Frank Wall Street Reform and Consumer Protection Act, became effective.

The final regulations were published in the Federal Register on 31 January 2014 and are available at: http://www.occ.gov/news-issuances/federal-register/79fr5536.pdf . See our previous client note on the Volcker Rule at: http://www.shearman.com/en/newsinsights/publications/2014/01/volcker-unbound.

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