CFTC is seeking input from industry, other stakeholders and interested parties, and the broader public on simplifying and modernizing its rules. Acting chairman J. Christopher Giancarlo initially announced Project KISS (Keep It Simple, Stupid) in March as an agency-wide internal review of CFTC rules, regulations and practices to identify those areas that can be simplified to make them less burdensome and less costly. The CFTC is now seeking ideas on how CFTC rules can be simplified and made less costly to comply. Giancarlo stated the exercise was not about repealing or rewriting rules, but rather applying existing rules in simpler, less burdensome ways.
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