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Expert Analysis

Private Funds' Key Takeaways From Volcker

Law360, New York ( January 31, 2014, 2:01 PM EST) -- On Dec. 10, 2013, the Federal Reserve Board, the Federal Deposit Insurance Corporation, the Office of the Comptroller of the Currency, the U.S. Securities and Exchange Commission, and the Commodity Futures Trading Commission (collectively, the agencies) issued the final rule implementing the "Volcker Rule" requirements of Section 13 of the Bank-Holding Company Act, which were added by Section 619 of the Dodd-Frank Wall Street Reform and Consumer Protection Act. The final rule is effective April 1, 2014, but banking entities generally have until July 21, 2015, to conform their activities to the final rule....

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