# Prohibitions and Restrictions on Proprietary Trading and Certain Interests in, and Relationships With, Hedge Funds and Private Equity Funds
> **US Federal Reserve System** · Final rule. · Published 2020-07-31 · Effective 2020-10-01 · 85 FR 46422
## Document
- **Document number:** 2020-15525
- **Category:** final-rule
- **Agency:** US Federal Reserve System
- **Federal Register citation:** 85 FR 46422
- **CFR reference:** 12 CFR 44
- **Publication date:** 2020-07-31
- **Effective date:** 2020-10-01
- **Docket:** Docket No. OCC-2020-0002
## Abstract

The OCC, Board, FDIC, SEC, and CFTC (together, the agencies) are adopting amendments to the regulations implementing section 13 of the Bank Holding Company Act (BHC Act). Section 13 contains certain restrictions on the ability of a banking entity or nonbank financial company supervised by the Board to engage in proprietary trading and have certain interests in, or relationships with, a hedge fund or private equity fund (covered funds). These final amendments are intended to improve and streamline the regulations implementing section 13 of the BHC Act by modifying and clarifying requirements related to the covered fund provisions of the rules.

## Source
- [Federal Register document](https://www.federalregister.gov/documents/2020/07/31/2020-15525/prohibitions-and-restrictions-on-proprietary-trading-and-certain-interests-in-and-relationships-with)
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