United States:
SEC, CFTC And Federal Reserve Approve Volcker Amendments
22 October 2019
Cadwalader, Wickersham & Taft LLP
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The SEC, CFTC and Federal Reserve each adopted amendments to the regulations
implementing the Volcker Rule (i.e., Section
619 of Dodd-Frank). The amendments had been previously approved by the FDIC and OCC.
The amendments are generally consistent with the Federal Reserve
2018 proposal (see previous coverage).
The final rule will be effective as of January 1, 2020, and
compliance will be required as of January 1, 2021.
The content of this article is intended to provide a general
guide to the subject matter. Specialist advice should be sought
about your specific circumstances.
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