Fed Issues Volcker Rule FAQs

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The Federal Reserve Board has issued FAQs on the Volcker Rule set forth in Section 619 of the Dodd-Frank Wall Street Reform and Consumer Protection Act.  The FAQs mirror other FAQs issued by Office of the Comptroller of the Currency, the Federal Deposit Insurance Corporation, the Securities and Exchange Commission, and the Commodity Futures Trading Commission.

While duplicative, we note that the FAQs issued by other agencies have been updated a number of times, including as recently as December 23, 2014 – the SEC FAQs note the day updated.

 

DISCLAIMER: Because of the generality of this update, the information provided herein may not be applicable in all situations and should not be acted upon without specific legal advice based on particular situations.

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