CFTC Announces Method for Volcker CEO Attestation | Practical Law

CFTC Announces Method for Volcker CEO Attestation | Practical Law

The CFTC announced the delivery method that certain banking entities must use to submit their CEO attestations under the Volcker Rule.

CFTC Announces Method for Volcker CEO Attestation

Practical Law Legal Update w-001-7593 (Approx. 2 pages)

CFTC Announces Method for Volcker CEO Attestation

by Practical Law Finance
Published on 22 Mar 2016USA (National/Federal)
The CFTC announced the delivery method that certain banking entities must use to submit their CEO attestations under the Volcker Rule.
On March 15, 2016, the CFTC announced that certain banking entities must submit their CEO attestations, which are required in connection with Volcker Rule compliance, through the email address: [email protected].
Under Appendix B of CFTC Regulation 75, CEOs of certain banking entities subject to the enhanced minimum standards for compliance programs must annually attest that the bank has in place a program reasonably designed to achieve compliance with the requirements of the Volcker Rule. However, Appendix B did not specify the required delivery method for the CEO attestation.
For more information on the Volcker Rule, see Practice Note, Volcker Rule Finalized.