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Integral Financial PC Introduces Online Membership

April 4, 2014:  With over 110 executive summaries written, and many published, over the past three years, including the latest 18-Part Series on The Volcker Rule, we at Integral Financial,

The Volcker Rule: Restrictions on Covered Fund Activities and Investments (Abstract)

On December 10, 2013, the federal banking agencies and the SEC (the “Agencies”) finalized the rulemaking to implement the “Volcker Rule” provisions of the Dodd-Frank Act.  The Volcker Rule imposes

The Volcker Rule: Restrictions on Covered Fund Activities and Investments

On December 10, 2013, the federal banking agencies and the SEC (the “Agencies”) finalized the rulemaking to implement the “Volcker Rule” provisions of the Dodd-Frank Act.  The Volcker Rule imposes...

This content is for Members, Trial Membership and The Volcker Rule Membership members only.
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Integral Financial PC Introduces Online Membership

April 4, 2014:  With over 110 executive summaries written, and many published, over the past three years, including the latest 18-Part Series on The Volcker Rule, we at Integral Financial, PC have proven breadth and depth knowledge and insight of the financial industry.

We are now pleased to announce open enrollment for the Integral Executive Membership Group.  Members will have access to our over 110 and counting notable executive summaries.   To show gratitude for our current subscribers we are offering 3-Months Free Membership.  Just contact us thru the website with your email address at any comment area of the articles.

Our director and writer, James Hardaway, has over 20 years progressive experience in the financial industry, including 9 years as a SEC Examiner of banks, mutual funds, investment advisers, insurance companies and broker dealers.  In addition, 8 years as an executive at a multinational fund administrator, and 3 years as a consultant to investment advisers, mutual funds and broker dealers.

We can’t think of any reason why you would not want to go through with joining the Group and access some of the most respected and significant executive summaries of major industry regulations promulgated over the past 3-years and going forward.  The cost is nominal and knowing your senior management as you do, you can give them precise and concise summary information on regulations impacting your firm.

Joining is easy.  Just go to our website and click-on “Registration” near the bottom-right, then the membership name to join one or both of our memberships.  Or you can join our 1-day trial membership.  Payments are made through PayPal.

Go directly to website and join just click here:

 

Click here for a sample full article:

 

Also, our subscribers have requested it, and we responded with .pdf files for all articles.  For advisers with banks as clients you want to join the The Volcker Rule Membership.  This 18-Part Series on the most impactful banking regulation since the earlier part of the last century will be a great value-add for your clients.  Also, you will be prepared when they request assistance from you in implementing this Rule.  Mr. Hardaway says this writing is the culmination of all his experience in the financial industry.

The Volcker Rule: Restrictions on Covered Fund Activities and Investments (Abstract)

On December 10, 2013, the federal banking agencies and the SEC (the “Agencies”) finalized the rulemaking to implement the “Volcker Rule” provisions of the Dodd-Frank Act.  The Volcker Rule imposes broad restrictions on proprietary trading and investing in and sponsoring private equity and hedge funds by banking organizations.

The Agencies received over 18,000 comments from the banking industry and other interested parties.  It is noted that these rules also apply to the following three non-banks agencies under Board supervision: American International Group Inc., General Electric Capital Corp, and Prudential Financial Inc.

This executive summary is Part VII of a 7-Part Series on Subpart C of the final rule which prohibits or restricts acquiring or retaining an ownership interest in, and certain relationships with, a covered fund, defines terms relevant to covered fund activities and investments, as well as establishes exemptions from the restrictions on covered fund activities and investments and limitations on those exemptions.

Section 13(a)(1)(B) of the BHC Act generally prohibits a banking entity from acquiring or retaining any ownership in, or acting as sponsor to, a covered fund.   Section 13(d) of the BHC Act contains certain exemptions to this prohibition.  Subpart C of the final rule implements these and other provisions of section 13 related to covered funds.  Additionally, subpart C contains a discussion of the internal controls, reporting and recordkeeping requirements applicable to covered fund activities and investments.

Activities or Investments Solely Outside of the United States

In order to address the risks that the principal risks of covered fund investments and sponsorship by foreign banking entities permitted under the foreign funds exemption occur and remain solely outside of the United States, the rule provides that an activity or investment occurs solely outside the United States for purposes of the foreign fund exemption only if:

  • The banking entity acting as sponsor, or engaging as principal in the acquisition or retention of an ownership interest in the covered fund, is not itself, and it not controlled directly or indirectly by, a banking entity that is located in the United States or established under the laws of the United States or of any State;
  • The banking entity (including relevant personnel) that makes the decision to acquire or retain the ownership interest or act as sponsor to the covered fund is not located in the United States or organized under the laws of the United States or of any State;
  • The investment or sponsorship, including any transaction arising from risk-mitigating hedging related to an ownership interest, is not accounted for as principal directly or indirectly on a consolidated basis by any branch or affiliate that is located in the United States or organized under the laws of the United States or of any State;
  • No financing for the banking entity’s ownership or sponsorship is provided, directly or indirectly, by any branch or affiliate that is located in the United States or organized under the laws of the United States or of any State.

As stated above, these requirements are designed to ensure that any foreign banking entity engaging in activity under the foreign fund exemption does so in a manner that ensures the risk and sponsorship of the activity or investment occurs and resides solely outside of the United States.

 

Get Complete Article Here (Join Volcker Membership)

The Volcker Rule: Restrictions on Covered Fund Activities and Investments

On December 10, 2013, the federal banking agencies and the SEC (the “Agencies”) finalized the rulemaking to implement the “Volcker Rule” provisions of the Dodd-Frank Act.  The Volcker Rule imposes…

This content is for Members, Trial Membership and The Volcker Rule Membership members only.
Log In Register

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