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Joint Rulemakings

   

Interim Final Rule: Treatment of Certain Collateralized Debt Obligations Backed Primarily by Trust Preferred Securities with Regard to Prohibitions and Restrictions on Certain Interests ...

Interim Final Rule: Treatment of Certain Collateralized Debt Obligations Backed Primarily by Trust Preferred Securities with Regard to Prohibitions and Restrictions on Certain Interests in, and Relationships with, Hedge Funds and Private Equity Funds

RIN 3235-AL52

Agency/Agencies: SEC, CFTC, OCC, Fed, FDIC

Federal Register Publication Date: 01/31/2014

Summary: The SEC, CFTC, OCC, Fed (Board of Governors of the Federal Reserve System), and FDIC each adopted a common interim final rule that permits banking entities to retain investments in certain pooled investment vehicles that invested their offering proceeds primarily in certain securities issued by community banking organizations of the type grandfathered under Section 171 of the Dodd-Frank Wall Street Reform and Consumer Protection Act (“Dodd-Frank Act”). The interim final rule was a companion rule to the final rules adopted by the Agencies to implement Section 13 of the Bank Holding Company Act of 1956, which was added by Section 619 of the Dodd-Frank Act.

Ianthe Zabel
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