This story appeared in Bank Digest.
The Federal Reserve Board is adopting a proposal to extend for three years, without revision, an existing information collection entitled "Reporting, Recordkeeping, and Disclosure Requirements Associated with Proprietary Trading and Certain Interests in and Relationships with Covered Funds (Regulation VV)."
This collection concerns Section 13 of the Bank Holding Company Act of 1956, commonly known as the Volcker Rule, which contains certain prohibitions and restrictions on the ability of a banking entity supervised by certain federal agencies to engage in proprietary trading and have certain interests in, or relationships with, a hedge fund or private equity fund.
On Aug. 2, 2017, the Fed published a notice (see 2017 No. 2655) in 82 Federal Register 35947 requesting public comment for 60 days on the proposal. The Fed did not receive any comments, and the information collection will be extended as proposed.