The Securities and Exchange Commission is considering giving insurers a broad exemption from the Volcker Rule—the section of the Dodd-Frank Wall Street Reform and Consumer Protection Act that restricts financial institutions from engaging in certain kinds of speculative investing.
The rule is scheduled to be implemented on July 21.
During a House Appropriations Committee subcommittee hearing on March 7, SEC Chairman Mary Schapiro said the agency is considering exempting insurer activity in covered funds as well as investments in their general account from the Volcker rule.
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