---
kind: "unit"
title: "12"
title_heading: "Banks and Banking"
key: "chII/subchA/part248"
level: "part"
label: "Part 248"
heading: "Proprietary Trading and Certain Interests in and Relationships with Covered Funds (regulation Vv)"
release: "ecfr-current"
date: "2026-08-27"
url: "https://uscodex.org/cfr/12/chII-subchA-part248"
sections_count: 18
---

# Part 248 — Proprietary Trading and Certain Interests in and Relationships with Covered Funds (regulation Vv)

Title 12 C.F.R. — Banks and Banking › Chapter II — Federal Reserve System › Subchapter A — Board of Governors of the Federal Reserve System

## Contents

- [Subpart A — Authority and Definitions](/cfr/12/chII-subchA-part248-subpartA.md)
- [Subpart B — Proprietary Trading](/cfr/12/chII-subchA-part248-subpartB.md)
- [Subpart C — Covered Funds Activities and Investments](/cfr/12/chII-subchA-part248-subpartC.md)
- [Subpart D — Compliance Program Requirement; Violations](/cfr/12/chII-subchA-part248-subpartD.md)