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
Overview
The OCC, Board, FDIC, CFTC and SEC (individually, an "Agency,' and collectively, "the Agencies') are each adopting a common interim final rule that would permit 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 is a companion rule to the final rules adopted by the Agencies to implement section 13 of the Bank Holding Company Act of 1956 ("BHC Act'), which was added by section 619 of the Dodd-Frank Act.
Resources
Details
File Number
S7-01-14
Rule Type
Interim Final
Release Number
BHCA-2
SEC Issue Date
Jan. 17, 2014
Effective Date
April 1, 2014
Federal Register Publish Date
Jan. 31, 2014
Document Citation
79 FR 5223
RIN
1557-AD79, 3038-AE13, 3064-AE11, 3235-AL52, 7100 AE11
Public Comments