On May 3, 2017, the CFTC voted to seek public comment regarding the simplifying of Commission rules. “Project KiSS” under Chairman Giancarlo’s guidance, intends to conduct an internal, agency-wide review of CFTC rules and regulations. The purpose is to identify areas where the rules can be simplified to make them less burdensome and less costly.
NIBA will be submitting a response to the CFTC invitation for public comment in behalf of the Association. In order to ensure that our submission fully and accurately reflects the opinions of the membership, I’m requesting that you send me a quick note identifying the CFTC regulation which is most difficult for you as an IB or CTA to comply with, and why. The difficulty might be because the rule is hard to understand or because it costs your firm a lot to implement compliance, or any other reason you want to point out.
CFTC cutoff for comment submission is September 30. So, I’m asking that you email me, [email protected], your comments no later than September 24. No Individual names or firms will be identified in the NIBA comments. Individuals may also submit comments directly to the CFTC at cftc.gov/projectkiss.
IBs and CTAs have a real chance right now to make sure the CFTC hears us. Please don’t let this opportunity slip by. Please email me, [email protected] today.