On January 11, the CFTC approved proposed rules implementing the requirements of Section 619 of the Dodd-Frank Act, otherwise known as the “Volcker Rule”. The proposed rulemaking is substantively similar to the rulemaking jointly proposed by the Fed, the OCC, the FDIC, and the SEC in October 2011. However, the proposed rulemaking includes fourteen new questions relating to certain matters under the CFTC’s jurisdiction, including the scope of the definition of “commodity pool” which is categorized as a “covered fund”. Comments must be submitted within 60 days after publication in the Federal Register, which deadline will be at least 30 days after the deadline for submitting comments on the joint-agency proposed rulemaking. CFTC Release. CFTC Proposed Rule.