Federal Agencies to Consider Comments on Volcker Rule Modifications Submitted After the Expiration of Comment Period

Skip to blog entries
Skip to archive page
Skip to right sidebar

Friday, April 03. 2020

Federal Agencies to Consider Comments on Volcker Rule Modifications Submitted After the Expiration of Comment Period

On April 2nd, a group of five federal financial regulatory agencies announced that they will consider comments submitted before May 1, 2020 on the proposal to modify the Volcker rule’s general prohibition on banking entities investing in or sponsoring hedge funds or private equity funds. These funds are generally known as “covered funds.”

This extension in the public comment period should provide interested persons more time to analyze the issues and prepare their comments in light of potential disruptions resulting from the coronavirus. The proposal previously asked for comments to be submitted by April 1, 2020. The agencies will continue to work together on policy issues as the coronavirus pandemic unfolds.

For more information, please see the list of agency contacts below:

Commodities Futures Trading Commission	Office of Public Affairs	(202) 418-5080
Federal Reserve	Eric Kollig	(202) 452-2955
Federal Deposit Insurance Corporation	David Barr	(202) 898-6992
Office of the Comptroller of Currency	Bryan Hubbard	(202) 649-6870
Securities and Exchange Commission	Office of Public Affairs	(202) 551-4120