; and (C) the swap is being used to hedge against exposure to— (i) changes in the value of an individual recognized asset or liability or an identified portion thereof that is attributable to a particular risk; (ii) changes in interest rates; or (iii) changes in the value of currency; or . (f) Prohibited activities Section 4(a) of the Bank Holding Company Act of 1956 ( 12 U.S.C. 1843(a) ) is amended— (1) in paragraph (1), by striking , or and inserting a semicolon; (2) in paragraph (2), by striking the requirements of this Act. and inserting requirements of this Act; or ; and (3) by inserting before the undesignated matter following paragraph (2) the following: (3) with the exception of the activities permitted under subsection (c), engage in the business of a securities entity or a swaps entity , as those terms are defined in section 18(s)(6)(D) of the Federal Deposit Insurance Act ( 12 U.S.C. 1828(s)(6)(D) ), including dealing or making markets in securities, repurchase agreements, exchange traded and over-the-counter swaps, as defined by the Commodity Futures Trading Commission and the Securities and Exchange Commission, or structured or synthetic products, as defined in the paragraph designated as Seventh of section 24 of the Revised Statutes ( 12 U.S.C. 24 ), or any other over-the-counter securities, swaps, contracts, or any other agreement that derives its value from, or takes on the form of, such securities, derivatives, or contracts; (4) engage in proprietary trading, as provided by section 13, or any rule or regulation under that section; (5) own, sponsor, or invest in a hedge fund, or private equity fund, or any other fund, as provided by section 13, or any rule or regulation under that section, or any other fund that exhibits the characteristics of a fund that takes on proprietary trading activities or positions; (6) hold ineligible securities or derivatives; (7) engage in market-making