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be effective on october , . the "covered fund" provisions of the volcker rule generally restrict or prohibit a "banking entity" from investing in, or sponsoring or having certain other relationships with, a covered fund. overall, the covered fund amendments make targeted, not sweeping, modifications
entity relying on this exclusion must, among other things, comply with limitations regarding material conflicts of interest, high-risk investments, safety and soundness and financial stability, in each case as if the qualifying venture capital fund were a covered fund. as with a credit fund, if a banking...
https://www.shearman.com/perspectives/2020/07/volcker-rule-update-amendments-to-the-covered-funds-provisions