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ARTICLE · 02 JULY 2010

The Volcker Rule: Implications for Private Fund Activities

Mayer Brown
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On June 25, 2010, the House-Senate Conferees agreed to a final version of the "Volcker Rule." Along with the rest of this historic financial reform legislation, it will now have to be approved by the House of Representatives and the Senate before it can go the President for signature.

United StatesFinance and Banking
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Article by Michael R. Butowsky , Charles M. Horn , Olga A. Loy , Lennine Occhino and David R. Sahr

Originally published June 30, 2010

Keywords: Volcker Rule, financial reform, private investment fund, financial services,

On June 25, 2010, the House-Senate Conferees agreed to a final version of the "Volcker Rule." Along with the rest of this historic financial reform legislation, it will now have to be approved by the House of Representatives and the Senate before it can go the President for signature.

The Volcker Rule would broadly restrict banking entities from engaging in (i) proprietary trading and (ii) private fund sponsorship, management and investment activities (for text of the Volcker Rule see http://www.mayerbrown.com/public_docs/VolckerRuleFinalText06-30-2010.pdf ).

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