Morgan Lewis partner Brendan Kalb discusses Project KISS, an initiative designed by the US Commodity Futures Trading Commission (CFTC) to simplify regulations and practices as well as minimize the cost of regulations, with The Hedge Fund Law Report. The CFTC’s proposed amendments seek to codify existing CFTC staff advisory and no-action letter relief for commodity pool operators (CPOs) and commodity trading advisors (CTAs). Brendan says, “These changes take some of those time-consuming reviews off the desks of the CFTC and the Division of Swap Dealer and Intermediary Oversight. They definitely grease the wheels in that respect.”
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