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  3. Regulation VV Proprietary Trading and Certain Interests in and Relationships with Covered Funds

Regulation VV
Proprietary Trading and Certain Interests in and Relationships with Covered Funds

12 CFR 248; as amended effective October 1, 2020
  • Subpart A—Authority and Definitions
  • Section
  • Authority, purpose, scope, and relationship to other authorities
  • Definitions
  • Subpart B—Proprietary Trading
  • Section
  • Prohibition on proprietary trading
  • Permitted underwriting and market making-related activities
  • Permitted risk-mitigating hedging activities
  • Other permitted proprietary trading activities
  • Limitations on permitted proprietary trading activities
  • [Reserved]
  • [Reserved]
  • Subpart C—Covered Fund Activities and Investments
  • Section
  • Prohibition on acquiring or retaining an ownership interest in and having certain relationships with a covered fund
  • Permitted organizing and offering, underwriting, and market making with respect to a covered fund
  • Permitted investment in a covered fund
  • Other permitted covered fund activities and investments
  • Limitations on relationships with a covered fund
  • Other limitations on permitted covered fund activities and investments
  • Ownership of interests in and sponsorship of issuers of certain collateralized debt obligations backed by trust-preferred securities
  • [Reserved]
  • [Reserved]
  • [Reserved]
  • Subpart D—Compliance Program Requirement; Violations
  • Sections
  • Program for compliance; reporting
  • Termination of activities or investments; penalties for violations
AUTHORITY: 12 U.S.C. 1851, 12 U.S.C. 221 et seq., 12 U.S.C. 1818, 12 U.S.C. 1841 et seq., and 12 U.S.C. 3103 et seq.
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