Volcker Rule Conformance Period Guidelines
Client Memorandum

Created date

Yesterday, the Federal Reserve issued guidelines clarifying when banking entities must bring their activities, investments, relationships and transactions into conformance with the Volcker Rule. Generally, the guidelines provide that banking entities have the full two-year statutory conformance period--until July 21, 2014--to fully conform their activities with the Volcker Rule, subject to a requirement that they engage in good-faith efforts to meet that deadline.