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CFTC seeks public input on Project KISS, simplifying rules

Joe Mont | May 5, 2017

The Commodity Futures Trading Commission will seek public input on simplifying and modernizing its rules and rulemaking process.

Acting Chairman J. Christopher Giancarlo initially announced Project KISS, which stands for “Keep It Simple, Stupid,” in March as an agency-wide internal review of CFTC rules, regulations, and practices. The goal, he said, was to identify those areas that can be simplified to make them less burdensome and less costly.

On May 3, the CFTC announced that it is seeking ideas from industry, other stakeholders and interested parties, and the broader public on where how rules can be improved.

Giancarlo cautioned, however, that this exercise is not about identifying existing rules for repeal, or even a rewrite. It is about taking CFTC’s existing rules as they are and applying them in ways that are simpler and less burdensome.

“At...

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