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Volcker Rule Update

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Hwang John
John Hwang

Partner

New York

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04 March 2015

On February 27, 2015, the federal regulators charged with implementing section 13 of the Bank Holding Company Act of 1956, as amended, commonly known as the “Volcker Rule,” added new guidance to those federal regulators’ list of Frequently Asked Questions (FAQs) that should permit most non-U.S. banks to invest in “covered funds” that are sponsored, managed, and marketed by third parties.