SIFMA provides comments to the Federal Reserve, the Office of the Comptroller of the Currency (OCC), the Federal Deposit Insurance Corporation (FDIC), the Securities and Exchange Commission (SEC), and the Commodity Futures Trading Commission (CFTC) on the interaction between the Volcker Rule and municipal Tender Option Bonds (TOBs). The proposing release poses several questions about TOBs and Volcker addressed in our letter. SIFMA asks the agencies to exempt TOBs from the covered funds provisions of the Volcker Rule.

See also:

• Proposed Revisions: Prohibitions and Restrictions on Proprietary Trading and Certain Interests in, and Relationships with, Hedge Funds and Private Equity Funds
• Press Release: SIFMA Comments on Proposed Changes to the Volcker Rule
• SIFMA Comment Letter: Notice of Proposed Rulemaking Revising the 2013 Final Rule Implementing Section 13 of the BHC Act (the Volcker Rule)