In the Hedge Fund Law Report, Morgan Lewis partner Brendan Kalb discusses Project KISS, an initiative designed by the US Commodity Futures Trading Commission’s to simplify regulations and practices as well as minimize the cost of regulations. The newly proposed amendments and regulations seek to codify existing CFTC staff advisory and no-action letter relief for commodity pool operators and commodity trading advisors. Kalb states in the article that, “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.”
Read the full The Hedge Fund Law Report article.