CFTC - Reducing Regulatory Burden; Retrospective Review Under E.O. 13563

76 FR 38328

June 30, 2011

In accordance with Executive Order 13563, "Improving Regulation and Regulatory Review," the CFTC intends to review its existing regulations to evaluate their continued effectiveness in achieving the objectives for which they were adopted. In this regard, the Commission has developed a plan to identify and evaluate its regulations periodically to determine whether any such regulations should be modified, expanded, streamlined or repealed in order to make the agency's regulatory program more effective.

After the substantial completion of the promulgation of final rules under the Dodd-Frank rulemaking process, including the revision of various existing Commission regulations to conform to the requirements of the Dodd-Frank legislation, the Commission intends to begin the process of the periodic, retrospective examination of the remainder of its regulations (i.e., those regulations that were not reviewed as part of the Dodd-Frank effort). This process will constitute "Phase Two" of the Commission's retrospective review. A Regulatory Review Group consisting of senior agency staff, will be formed to implement the CFTC Plan. In accordance with the OIRA Memorandum, the Group will solicit public input on which rules should be reviewed.

Cross References

Executive Order 13563, 5 CFR Chapter XLI 17 CFR Chapter I