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Volcker Rule permits bank-sponsored hedge fund access platforms

• Katten Muchin Rosenman LLP
• -
• USA
• -
• November 14 2011

Section 619 of the Dodd-Frank Wall Street Reform and Consumer Protection Act (which embodies the so-called Volcker Rule) will impose significant limits on the ability of banks and their affiliates (each, a "banking entity" or "BE") to engage in proprietary trading and to own or sponsor hedge funds when it comes into effect in July of 2012