On July 17, the Federal Register published proposed changes to the Volcker Rule that were jointly approved by the Federal Reserve Board, the Commodity Futures Trading Commission, the Federal Deposit Insurance Corporation, the Office of the Comptroller of the Currency and the Securities and Exchange Commission. As described in greater detail in the June 1, 2018 edition of the Corporate & Financial Weekly Digest, the proposed changes are intended to eliminate or modify requirements that the regulatory agencies believe are not necessary to effectively implement the statute without diminishing the safety and soundness of the entities subject to the Volcker Rule.

Comments on the proposed changes must be made by September 17.

The Federal Register publication is available here.