The draft regulations of the Volcker Rule allow such faux hedges because JPMorgan lobbied to render the rule useless.
The tax code nowhere distinguishes between the two, even though Congress told Treasury to draft regulations on the subject 20 years ago.
JPMorgan asserts that these inherently unsafe and unsound anti-hedges are "hedges" as that term is defined in the draft regulations implementing the Volcker Rule.
And although many sections of the draft regulations were finalized as proposed, a significant number of data capture and definitional provisions were revised and clarified.
In fact, the agency has yet to issue draft regulations for comment, despite many in the industry asserting that the staff completed a draft last fall.
The draft regulations on foreign listings are likely to take the Ministry of Foreign Trade and Economic Cooperation another six months to complete, said Mr Xie.
They fear draft regulations explaining how housing benefit will work when it is wrapped into the Universal Credit will leave tenants unable to claim for many services.
The draft regulations, which span dozens of pages, also describe a range of smaller measures that could change some of the key features of life in the capital, if strictly implemented.
As part of its WTO agreement, China now circulates draft laws and regulations for 30 days to collect comments.
The government said it would be withdrawing the first draft of the regulations to rewrite them following concerns from many medical organisations.
The SSA's new disability rules would make it easier for the agency to ban representatives who withhold certain medical data, according to a draft of the regulations.
Draft Basel III regulations total 616 pages .
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The first motion related to approving the draft Carers Strategies (Wales) Regulations 2011.
Buoyed by the recovery, it had revived its IPO plan and filed a draft red-herring prospectus with the Securities Exchange and Regulations Board of India in September.
The rules are in draft form and could be changed or scaled back before final regulations are issued, which officials say will be soon.
The draft calls for each country that ratifies the treaty to establish regulations for the export of ammunition "fired, launched or delivered" by the weapons covered by the convention.
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