The Federal Reserve Board, the FDIC, the Office of the Comptroller of the Currency, the SEC and the CFTC extended the comment period regarding a proposed rule to revamp the Volcker Rule. The comment period deadline – originally September 17, 2018 – was pushed back to October 17, 2018.
As previously covered, the proposed amendments are intended to (i) tailor compliance requirements and (ii) streamline and simplify how various exemptions and reporting requirements work.
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