On November 13, 2014, the US government agencies responsible for promulgating regulations to implement the Dodd-Frank Act’s Volcker Rule issued additional guidance.

The Volcker Rule prohibits banking entities from engaging in proprietary trading or sponsoring or acquiring ownership interests in private equity funds. The banking, securities and commodities regulators issued final rules in late 2013 and have periodically been issuing guidance in the form of Frequently Asked Questions.

The new guidance addresses:

  1. how to report certain quantitative measurements to the regulators prior to full conformance with the Volcker Rule being required by July 21, 2015, and
  2. how mortgage-backed securities of certain government-sponsored enterprises are treated for purposes of the prohibition on banking entities investing in certain types of funds.

Access the banking, securities and commodities regulators’ Frequently Asked Questions.

Previous posts on Frequently Asked Questions:

  1. Volcker Rule FAQs Updated by Federal Reserve Board and OCC
  2. Volcker Rule FAQs and examination guidelines released