Try our Advanced Search for more refined results

Expert Analysis

Key Points From The Fed's Foreign Funds Volcker Relief

Law360, New York ( June 24, 2015, 10:30 AM EDT) -- The Federal Reserve this month began addressing the question of whether foreign funds should be considered "banking entities" under the Bank Holding Company Act (BHCA), and therefore be subject to the Volcker Rule's proprietary trading restriction. The Fed's guidance (provided in the form of a "frequently asked question," or FAQ) clarifies that foreign public funds (e.g., undertakings for the collective investment in transferable securities, or UCITS[1]) will not be considered banking entities merely due to their boards being controlled by an affiliate (i.e., an affiliate within the BHC capable of holding a majority of a fund's director seats).[2]...

Law360 is on it, so you are, too.

A Law360 subscription puts you at the center of fast-moving legal issues, trends and developments so you can act with speed and confidence. Over 200 articles are published daily across more than 60 topics, industries, practice areas and jurisdictions.


A Law360 subscription includes features such as

  • Daily newsletters
  • Expert analysis
  • Mobile app
  • Advanced search
  • Judge information
  • Real-time alerts
  • 450K+ searchable archived articles

And more!

Experience Law360 today with a free 7-day trial.

Start Free Trial

Already a subscriber? Click here to login

Related Sections

Companies

Government Agencies

Hello! I'm Law360's automated support bot.

How can I help you today?

For example, you can type:
  • I forgot my password
  • I took a free trial but didn't get a verification email
  • How do I sign up for a newsletter?
Ask a question!