On June 25, 2020, the five federal agencies with responsibility for implementing the Volcker Rule finalized amendments to the Volcker Rule’s provisions related to investing, sponsoring, and having certain relationships with “covered funds.” The final rule is largely consistent with the agencies’ proposal of January 30, 2020 and is the final anticipated amendment in a series of recent changes to the Volcker Rule. The final rule will take effect on October 1, 2020.
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