Site Feedback

Title 12

Displaying title 12, up to date as of 9/21/2021. Title 12 was last amended 9/13/2021.
eCFR Content

The Code of Federal Regulations (CFR) is the official legal print publication containing the codification of the general and permanent rules published in the Federal Register by the departments and agencies of the Federal Government. The Electronic Code of Federal Regulations (eCFR) is a continuously updated online version of the CFR. It is not an official legal edition of the CFR.

Learn more about the eCFR, its status, and the editorial process.

Title 12 Banks and Banking Part / Section
Chapter I Comptroller of the Currency, Department of the Treasury 1 – 199
Part 44 Proprietary Trading and Certain Interests in and Relationships With Covered Funds 44.1 – 44.21
Subpart A Authority and Definitions 44.1 – 44.2
§ 44.1 Authority, purpose, scope, and relationship to other authorities.
§ 44.2 Definitions.
Subpart B Proprietary Trading 44.3 – 44.9
§ 44.3 Prohibition on proprietary trading.
§ 44.4 Permitted underwriting and market making-related activities.
§ 44.5 Permitted risk-mitigating hedging activities.
§ 44.6 Other permitted proprietary trading activities.
§ 44.7 Limitations on permitted proprietary trading activities.
§§ 44.8-44.9 [Reserved]
Subpart C Covered Funds Activities and Investments 44.10 – 44.19
§ 44.10 Prohibition on acquiring or retaining an ownership interest in and having certain relationships with a covered fund.
§ 44.11 Permitted organizing and offering, underwriting, and market making with respect to a covered fund.
§ 44.12 Permitted investment in a covered fund.
§ 44.13 Other permitted covered fund activities and investments.
§ 44.14 Limitations on relationships with a covered fund.
§ 44.15 Other limitations on permitted covered fund activities and investments.
§ 44.16 Ownership of interests in and sponsorship of issuers of certain collateralized debt obligations backed by trust-preferred securities.
§§ 44.17-44.19 [Reserved]
Subpart D Compliance Program Requirement; Violations 44.20 – 44.21
§ 44.20 Program for compliance; reporting.
§ 44.21 Termination of activities or investments; penalties for violations.
Appendix A to Part 44
Reporting and Recordkeeping Requirements for Covered Trading Activities