The greatest concern about the so-called Volcker Rule is the
'potentially disparate' treatment between US mutual funds and
UCITS funds, according to European Fund and Asset Management
The association has now published its response to the US
financial regulatory authorities' consultation on draft
implementing measures of the Volcker Rule, which is officially
known as Section 619 of the Dodd Frank Act.
Peter de Proft from EFAMA
EFAMA's 24-page response states: "US mutual funds are not
considered to be 'covered funds' under the...