{"abstract":"The OCC, Board, FDIC, SEC, and CFTC (together, the agencies) are adopting amendments to the regulations implementing section 13 of the Bank Holding Company Act (BHC Act). Section 13 contains certain restrictions on the ability of a banking entity or nonbank financial company supervised by the Board to engage in proprietary trading and have certain interests in, or relationships with, a hedge fund or private equity fund (covered funds). These final amendments are intended to improve and streamline the regulations implementing section 13 of the BHC Act by modifying and clarifying requirements related to the covered fund provisions of the rules.","action":"Final rule.","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 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S7-02-20"],"dockets":[],"document_number":"2020-15525","effective_on":"2020-10-01","end_page":46530,"executive_order_notes":null,"executive_order_number":null,"full_text_xml_url":"https://www.federalregister.gov/documents/full_text/xml/2020/07/31/2020-15525.xml","html_url":"https://www.federalregister.gov/documents/2020/07/31/2020-15525/prohibitions-and-restrictions-on-proprietary-trading-and-certain-interests-in-and-relationships-with","images":{},"images_metadata":{},"json_url":"https://www.federalregister.gov/api/v1/documents/2020-15525?publication_date=2020-07-31","mods_url":"https://www.govinfo.gov/metadata/granule/FR-2020-07-31/2020-15525/mods.xml","not_received_for_publication":null,"page_length":109,"page_views":{"count":10179,"last_updated":"2026-07-28 12:15:07 -0400"},"pdf_url":"https://www.govinfo.gov/content/pkg/FR-2020-07-31/pdf/2020-15525.pdf","presidential_document_number":null,"proclamation_number":null,"public_inspection_pdf_url":"https://public-inspection.federalregister.gov/2020-15525.pdf?1596113117","publication_date":"2020-07-31","raw_text_url":"https://www.federalregister.gov/documents/full_text/text/2020/07/31/2020-15525.txt","regulation_id_number_info":{"3064-AF17":{"issue":"202004","html_url":"https://www.federalregister.gov/regulations/3064-AF17/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","xml_url":"http://www.reginfo.gov/public/do/eAgendaViewRule?pubId=202004&RIN=3064-AF17&operation=OPERATION_EXPORT_XML","priority_category":"Substantive, Nonsignificant"},"3235-AM70":{"issue":"202004","html_url":"https://www.federalregister.gov/regulations/3235-AM70/prohibitions-and-restrictions-on-proprietary-trading-and-certain-relationships-with-hedge-funds-and-","title":"Prohibitions and Restrictions on Proprietary Trading and Certain Relationships With Hedge Funds and Private Equity Funds ","xml_url":"http://www.reginfo.gov/public/do/eAgendaViewRule?pubId=202004&RIN=3235-AM70&operation=OPERATION_EXPORT_XML","priority_category":"Substantive, Nonsignificant"},"7100-AF70":{"issue":"202004","html_url":"https://www.federalregister.gov/regulations/7100-AF70/prohibitions-and-restrictions-on-proprietary-trading-and-certain-interests-in-and-relationships-with","title":"Prohibitions and Restrictions on Proprietary Trading and Certain Interests in, and Relationships With, Hedge Funds and Private Equity Funds (Docket No: R-1694)","xml_url":"http://www.reginfo.gov/public/do/eAgendaViewRule?pubId=202004&RIN=7100-AF70&operation=OPERATION_EXPORT_XML","priority_category":"Substantive, Nonsignificant"},"1557-AE67":{"issue":"202004","html_url":"https://www.federalregister.gov/regulations/1557-AE67/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 ","xml_url":"http://www.reginfo.gov/public/do/eAgendaViewRule?pubId=202004&RIN=1557-AE67&operation=OPERATION_EXPORT_XML","priority_category":"Substantive, Nonsignificant"},"3038-AE93":{"issue":"202004","html_url":"https://www.federalregister.gov/regulations/3038-AE93/revisions-to-prohibitions-and-restrictions-on-proprietary-trading-and-certain-interests-in-and-relat","title":"Revisions to Prohibitions and Restrictions on Proprietary Trading and Certain Interests in, and Relationships With, Hedge Funds and Private Equity Funds","xml_url":"http://www.reginfo.gov/public/do/eAgendaViewRule?pubId=202004&RIN=3038-AE93&operation=OPERATION_EXPORT_XML","priority_category":"Substantive, Nonsignificant"}},"regulation_id_numbers":["1557-AE67","3038-AE93","3064-AF17","3235-AM70","7100-AF70"],"regulations_dot_gov_info":{"comments_count":0,"agency_id":"FRS","document_id":"FRS-2020-0207-0001","checked_regulationsdotgov_at":"2020-08-03T09:00:08Z"},"regulations_dot_gov_url":null,"significant":false,"signing_date":null,"start_page":46422,"subtype":null,"title":"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":"Rule","volume":85}