A primer published by International Financial Law Review on June 29 titled “PRIMER: the Volcker Rule –covered funds” provides an overview of covered fund specific aspects of revisions to the Volcker Rule. Investment management partner Mark Nuccio is quoted in the article. “The Fed posed a lot of questions and asked for comment on those, but with respect to the actual proposals that are in there they seem to be fairly modest,” Mr. Nuccio states in the piece. “They are opening the door for a more technical review of the scope of that section - for entities that are either trying to invest in some kind of complex fund like item or those that are creating those," Mr. Nuccio added.
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