Volcker Rule & Proprietary Buying And Selling
Section 13(d)(1)(I) of the Bank Holding Company Act (“BHC Act”) and section __.13(b) of the final rule provide an exemption for certain covered fund activities conducted by international banking entities (the “SOTUS lined fund exemption”) offered that, amongst other conditions, “no ownership curiosity in such hedge fund or personal equity fund is obtainable for sale …