Commodity Futures Trading Commission
The Commodity Futures Trading Commission (the "Commission" or "CFTC") is issuing this guidance to outline factors for consideration by designated contract markets ("DCMs"), when addressing certain provisions of the Commodity Exchange Act ("CEA"), and CFTC regulations thereunder, that are relevant to the listing for trading of voluntary carbon credit ("VCC") derivative contracts. The Commission recognizes that VCC derivatives are a comparatively new and evolving class of products, and believes that guidance that outlines factors for consideration by a DCM, in connection with the contract design and listing process, may help to advance the standardization of such products in a manner that promotes transparency and liquidity.
Document Headings Document headings vary by document type but may contain the following: the agency or agencies that issued and signed a document the number of the CFR title and the number of each part the document amends, proposes to amend, or is directly related to the agency docket number / agency internal file number the RIN which identifies each regulatory action listed in the Unified Agenda of Federal Regulatory and Deregulatory Actions See the Document Drafting Handbook for more details. Commodity Futures Trading Commission 17 CFR Part 38 RIN 3038-AF40 ( printed page 83378) AGENCY: Commodity Futures Trading Commission. ACTION: Final guidance. SUMMARY: The Commodity Futures Trading Commission (the “Commission” or “CFTC”) is issuing this guidance to outline factors for consideration by designated contract markets (“DCMs”), when addressing certain provisions of the Commodity Exchange Act (“CEA”), and CFTC regulations thereunder, that are relevant to the listing for trading of voluntary carbon credit (“VCC”) derivative contracts. The Commission recognizes that VCC derivatives are a comparatively new and evolving class of products, and believes that guidance that outlines factors for consideration by a DCM, in connection with the contract design and listing process, may help to advance the standardization of such products in a manner that promotes transparency and liquidity. DATES: Issued on October 15, 2024. FOR FURTHER INFORMATION CONTACT: Lillian A. Cardona, Assistant Chief Counsel, (202) 418-5012, lcardona@cftc.gov ; Steven Benton, Industry Economist, (202) 418-5617, sbenton@cftc.gov ; Samantha Li, Industry Economist, (202) 418-5622, sli@cftc.gov , Nora Flood, Chief Counsel, (202) 418-6059, nflood@cftc.gov ; Division of Market Oversight, Commodity Futures Trading Commission, Three Lafayette Centre, 1155 21st Street NW, Washington, DC 20581, or Julia Wood, Assistant Chief Counsel, (202) 853-4877, jlwoo…
Citation: 89 FR 83378
