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federal_register: 2012-935

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2012-935 Prohibitions and Restrictions on Proprietary Trading and Certain Interests in, and Relationships With, Hedge Funds and Covered Funds Proposed Rule The Commodity Futures Trading Commission ("CFTC" or "Commission") is requesting comment on a proposed rule that would implement Section 619 of the Dodd-Frank Wall Street Reform and Consumer Protection Act ("Dodd-Frank Act") which contains certain prohibitions and restrictions on the ability of a banking entity and nonbank financial company supervised by the Board of Governors of the Federal Reserve System (the "Board") to engage in proprietary trading and have certain interests in, or relationships with, a hedge fund or private equity fund ("CFTC Rule"). On November 7, 2011, the Office of the Comptroller of the Currency, Treasury ("OCC"); the Board; the Federal Deposit Insurance Corporation ("FDIC"); and the Securities and Exchange Commission ("SEC") published a joint proposed rule implementing Section 619 of the Dodd-Frank Act (the "Joint Release").\1\ The CFTC is adopting the entire text of the proposed common rules section from the Joint Release (the "Joint Rule") as part of its proposed rule.\2\ Similar to the OCC, the Board, the FDIC, and the SEC in the Joint Release, the CFTC is modifying the Joint Rule with CFTC-specific rule text. The CFTC Rule also contains additional questions specific to the CFTC in Section III and does not include Subpart E of the Joint Release because Subpart E deals exclusively with the Board. The Commission solicits comments on all aspects of this proposed rule. --------------------------------------------------------------------------- 2012-02-14 2012 2 https://www.federalregister.gov/documents/2012/02/14/2012-935/prohibitions-and-restrictions-on-proprietary-trading-and-certain-interests-in-and-relationships-with https://www.govinfo.gov/content/pkg/FR-2012-02-14/pdf/2012-935.pdf Commodity Futures Trading Commission 77 The Commodity Futures Trading Commission ("CFTC" or "Commission") is requesting comment on a proposed rule that would implement Section 619 of the Dodd-Frank Wall Street Reform and Consumer Protection Act ("Dodd-Frank Act") which contains certain...  

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