US Agencies Finalize Revisions to Volcker Rule Covered Funds Provisions

On June 25, 2020, the Board of Governors of the Federal Reserve System, the Federal Deposit Insurance Corporation, the Office of the Comptroller of the Currency, the Securities and Exchange Commission, and the Commodity Futures Trading Commission finalized revisions to the covered funds provisions of the Volcker Rule. This Legal Update summarizes the revisions, which are intended to clarify, streamline, and ease the compliance burden of the provisions.