{"abstract":"The OCC, Board, FDIC, SEC, and CFTC (individually, an Agency, and collectively, the Agencies) are inviting comment on a proposal to amend the regulations implementing the Bank Holding Company Act's (BHC Act) prohibitions and restrictions on proprietary trading and certain interests in, and relationships with, hedge funds and private equity funds in a manner consistent with the statutory amendments made pursuant to certain sections of the Economic Growth, Regulatory Relief, and Consumer Protection Act. The statutory amendments exclude from these restrictions certain firms that have total consolidated assets equal to $10 billion or less and total trading assets and liabilities equal to five percent or less of total consolidated assets and amend the restrictions applicable to the naming of a hedge fund or private equity fund to permit an investment adviser that is a banking entity to share a name with the fund under certain circumstances.","action":"Notice of proposed rulemaking.","agencies":[{"raw_name":"DEPARTMENT OF TREASURY","name":"Treasury Department","id":497,"url":"https://www.federalregister.gov/agencies/treasury-department","json_url":"https://www.federalregister.gov/api/v1/agencies/497","parent_id":null,"slug":"treasury-department"},{"raw_name":"Office of the Comptroller of the Currency","name":"Comptroller of the Currency","id":80,"url":"https://www.federalregister.gov/agencies/comptroller-of-the-currency","json_url":"https://www.federalregister.gov/api/v1/agencies/80","parent_id":497,"slug":"comptroller-of-the-currency"},{"raw_name":"FEDERAL RESERVE SYSTEM","name":"Federal Reserve System","id":188,"url":"https://www.federalregister.gov/agencies/federal-reserve-system","json_url":"https://www.federalregister.gov/api/v1/agencies/188","parent_id":null,"slug":"federal-reserve-system"},{"raw_name":"FEDERAL DEPOSIT INSURANCE CORPORATION","name":"Federal Deposit Insurance Corporation","id":164,"url":"https://www.federalregister.gov/agencies/federal-deposit-insurance-corporation","json_url":"https://www.federalregister.gov/api/v1/agencies/164","parent_id":null,"slug":"federal-deposit-insurance-corporation"},{"raw_name":"COMMODITY FUTURES TRADING COMMISSION","name":"Commodity Futures Trading Commission","id":77,"url":"https://www.federalregister.gov/agencies/commodity-futures-trading-commission","json_url":"https://www.federalregister.gov/api/v1/agencies/77","parent_id":null,"slug":"commodity-futures-trading-commission"},{"raw_name":"SECURITIES AND EXCHANGE COMMISSION","name":"Securities and Exchange Commission","id":466,"url":"https://www.federalregister.gov/agencies/securities-and-exchange-commission","json_url":"https://www.federalregister.gov/api/v1/agencies/466","parent_id":null,"slug":"securities-and-exchange-commission"}],"body_html_url":"https://www.federalregister.gov/documents/full_text/html/2019/02/08/2019-00797.html","cfr_references":[{"chapter":null,"citation_url":null,"part":44,"title":12},{"chapter":null,"citation_url":null,"part":248,"title":12},{"chapter":null,"citation_url":null,"part":351,"title":12},{"chapter":null,"citation_url":null,"part":75,"title":17},{"chapter":null,"citation_url":null,"part":255,"title":17}],"citation":"84 FR 2778","comment_url":null,"comments_close_on":"2019-04-09","correction_of":null,"corrections":[],"dates":"Comment date: Comments must be received on or before March 11, 2019. Comments on the Paperwork Reduction Act burden estimates must be received on or before April 9, 2019.","disposition_notes":null,"docket_ids":["Docket No. OCC-2018-0029","Docket No. R-1643","Release no. BHCA-5","File no. S7-30-18"],"dockets":[{"supporting_documents":[],"agency_name":"OCC","documents":[{"comment_count":18,"comment_start_date":"2019-02-08","updated_at":"2023-02-28T21:07:57.176-05:00","comment_url":"https://www.regulations.gov/commenton/OCC-2018-0029-0001","allow_late_comments":null,"id":"OCC-2018-0029-0001","comment_end_date":"2019-04-10","regulations_dot_gov_open_for_comment":false}],"supporting_documents_count":0,"id":"OCC-2018-0029","title":"Revisions to Prohibitions and Restrictions on Proprietary Trading and Certain Interests in, and Relationships With, Hedge Funds and Private Equity Funds - Community Bank Relief and Removal of Naming Restrictions"}],"document_number":"2019-00797","effective_on":null,"end_page":2791,"executive_order_notes":null,"executive_order_number":null,"full_text_xml_url":"https://www.federalregister.gov/documents/full_text/xml/2019/02/08/2019-00797.xml","html_url":"https://www.federalregister.gov/documents/2019/02/08/2019-00797/proposed-revisions-to-prohibitions-and-restrictions-on-proprietary-trading-and-certain-interests-in","images":{},"images_metadata":{},"json_url":"https://www.federalregister.gov/api/v1/documents/2019-00797?publication_date=2019-02-08","mods_url":"https://www.govinfo.gov/metadata/granule/FR-2019-02-08/2019-00797/mods.xml","not_received_for_publication":null,"page_length":14,"page_views":{"count":2366,"last_updated":"2026-07-25 20:15:03 -0400"},"pdf_url":"https://www.govinfo.gov/content/pkg/FR-2019-02-08/pdf/2019-00797.pdf","presidential_document_number":null,"proclamation_number":null,"public_inspection_pdf_url":"https://public-inspection.federalregister.gov/2019-00797.pdf?1549547117","publication_date":"2019-02-08","raw_text_url":"https://www.federalregister.gov/documents/full_text/text/2019/02/08/2019-00797.txt","regulation_id_number_info":{"3235-AM43":{"issue":"201904","html_url":"https://www.federalregister.gov/regulations/3235-AM43/volcker-rule-community-bank-relief-and-removing-naming-restrictions","title":"Volcker Rule Community Bank Relief and Removing Naming Restrictions","xml_url":"http://www.reginfo.gov/public/do/eAgendaViewRule?pubId=201904&RIN=3235-AM43&operation=OPERATION_EXPORT_XML","priority_category":"Substantive, Nonsignificant"},"3064-AE88":{"issue":"201904","html_url":"https://www.federalregister.gov/regulations/3064-AE88/volcker-rule-community-bank-relief-and-removing-naming-restrictions","title":"Volcker Rule Community Bank Relief and Removing Naming Restrictions","xml_url":"http://www.reginfo.gov/public/do/eAgendaViewRule?pubId=201904&RIN=3064-AE88&operation=OPERATION_EXPORT_XML","priority_category":"Other Significant"},"3038-AE72":{"issue":"201910","html_url":"https://www.federalregister.gov/regulations/3038-AE72/proposed-revisions-to-prohibitions-and-restrictions-on-proprietary-trading-and-certain-interests-in-","title":"Proposed Revisions to Prohibitions and Restrictions on Proprietary Trading and Certain Interests in, and Relationships With, Hedge Funds and Private Equity Funds (Volcker Rule)","xml_url":"http://www.reginfo.gov/public/do/eAgendaViewRule?pubId=201910&RIN=3038-AE72&operation=OPERATION_EXPORT_XML","priority_category":"Economically Significant"},"1557-AE47":{"issue":"201904","html_url":"https://www.federalregister.gov/regulations/1557-AE47/volcker-community-bank-relief-and-removal-of-name-restriction","title":"Volcker Community Bank Relief and Removal of Name Restriction","xml_url":"http://www.reginfo.gov/public/do/eAgendaViewRule?pubId=201904&RIN=1557-AE47&operation=OPERATION_EXPORT_XML","priority_category":"Substantive, Nonsignificant"}},"regulation_id_numbers":["1557-AE47","3038-AE72","3064-AE88","3235-AM43"],"regulations_dot_gov_info":{"comments_count":0,"agency_id":"SEC","document_id":"SEC-2019-0100-0001","checked_regulationsdotgov_at":"2023-03-01T02:07:55Z"},"regulations_dot_gov_url":null,"significant":true,"signing_date":null,"start_page":2778,"subtype":null,"title":"Proposed Revisions to Prohibitions and Restrictions on Proprietary Trading and Certain Interests In, and Relationships With, Hedge Funds and Private Equity Funds","toc_doc":"Prohibitions and Restrictions on Proprietary Trading and Certain Interests in, and Relationships With, Hedge Funds and Private Equity Funds","toc_subject":null,"topics":["Administrative practice and procedure","Banks, banking","Brokers","Credit","Foreign banking","Government securities","Holding companies","Insurance","Insurance companies","Investments","Penalties","Reporting and recordkeeping requirements","Securities","Trusts and trustees"],"type":"Proposed Rule","volume":84}