Memo #
27769

Implications of the Volcker Rule for Regulated Funds - Conference Call on December 18th
| Print

[27769]

December 13, 2013

TO: BOARD OF GOVERNORS No. 15-13
CHIEF COMPLIANCE OFFICER COMMITTEE No. 9-13
CLOSED-END INVESTMENT COMPANY COMMITTEE No. 33-13
DERIVATIVES MARKETS ADVISORY COMMITTEE No. 87-13
ETF (EXCHANGE-TRADED FUNDS) COMMITTEE No. 37-13
ETF ADVISORY COMMITTEE No. 37-13
EQUITY MARKETS ADVISORY COMMITTEE No. 24-13
FIXED-INCOME ADVISORY COMMITTEE No. 25-13
ICI GLOBAL ASIA PACIFIC CHAPTER No. 10-13
ICI GLOBAL REGULATED FUNDS COMMITTEE No. 14-13
ICI GLOBAL STEERING COMMITTEE No. 5-13
ICI GLOBAL TRADING & MARKET STRUCTURE COMMITTEE No. 3-13
INTERNATIONAL COMMITTEE No. 29-13
MONEY MARKET FUNDS ADVISORY COMMITTEE No. 34-13
MUNICIPAL SECURITIES ADVISORY COMMITTEE No. 33-13
SEC RULES COMMITTEE No. 49-13
SMALL FUNDS COMMITTEE No. 24-13
UNIT INVESTMENT TRUST COMMITTEE No. 1-13 RE: IMPLICATIONS OF THE VOLCKER RULE FOR REGULATED FUNDS
CONFERENCE CALL ON WEDNESDAY, DECEMBER 18TH, 11:00 AM (EST)

 

ICI and ICI Global will hold a conference call on Wednesday, December 18, 2013 from 11:00 a.m. to 12:00 p.m. Eastern time to provide an early readout of the implications of the final Volcker Rule for regulated funds.  The call will be recorded and posted to our website for members unable to participate.  Please note: participation on the call is limited to ICI and ICI Global members.

Topics will include:

  • How the final rule treats U.S. registered investment companies generally, as well as exchange-traded funds in particular
  • The new exemption from the definition of “covered fund” for “foreign public funds”
  • Changes from the proposed rule concerning certain types of securities in which funds invest (e.g., foreign sovereign debt and other foreign securities, municipal securities, asset-backed commercial paper, and tender option bonds)
  • Changes from the proposed rule concerning the market making and other exemptions from the proprietary trading prohibition

Speakers will include:

Gregory T. Larkin, Associate – Debevoise & Plimpton LLP

Jai R. Massari, Associate – Davis Polk & Wardwell LLP

David A. Vaughan, Partner – Dechert LLP

Dial-in information:

Domestic (toll free):(888) 790-1764

International (toll):(203) 827-7008

Participant Passcode: 6001566

Participants will be able to ask questions at the end of the call.

 

Frances M. Stadler
Senior Counsel - Securities Regulation
 

Susan Olson
Senior Counsel - International Affairs