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CFTC RIN: 3038-AF40 Publication ID: Spring 2024 
Title: ●Commission Guidance Regarding the Listing of Voluntary Carbon Credit Derivative Contracts 
Abstract:

The Commodity Futures Trading Commission (Commission or CFTC) issued proposed guidance regarding the listing for trading of voluntary carbon credit (VCC) derivative contracts.  Specifically, the Commission's proposed guidance outlines factors that designated contract markets (DCMs) should consider when addressing certain provisions of the Commodity Exchange Act (CEA), and CFTC regulations thereunder, that are relevant to the listing for trading of 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 a DCM to consider in connection with product design and listing may help to advance the standardization of such products in a manner that promotes transparency and liquidity.  The Commission requested comment on this proposed guidance and invited comment on specific questions related to the listing for trading of VCC derivative contracts.

 
Agency: Commodity Futures Trading Commission(CFTC)  Priority: Substantive, Nonsignificant 
RIN Status: First time published in the Unified Agenda Agenda Stage of Rulemaking: Final Rule Stage 
Major: Undetermined  Unfunded Mandates: Undetermined 
CFR Citation: None     (To search for a specific CFR, visit the Code of Federal Regulations.)
Legal Authority: Not Yet Determined   
Legal Deadline:  None
Timetable:
Action Date FR Cite
Proposed Guidance; Request for Comment  12/27/2023  88 FR 89410   
Comment Period End  02/16/2024 
Final Action - Issue Guidance  07/00/2024 
Final Action Effective  07/00/2024 
Regulatory Flexibility Analysis Required: Undetermined  Government Levels Affected: Undetermined 
Federalism: Undetermined 
Included in the Regulatory Plan: No 
RIN Data Printed in the FR: No 
Agency Contact:
Lillian Cardona
Assistant Chief Counsel, Division of Market Oversight
Commodity Futures Trading Commission
Three Lafayette Centre, 1155 21st Street NW,
Washington, DC 20581
Phone:202 418-5012
Email: lcardona@cftc.gov

Steven Benton
Industry Economist, Division of Market Oversight
Commodity Futures Trading Commission
Three Lafayette Centre, 1155 21st Street NW,
Washington, DC 20581
Phone:202 418-5617
Email: sbenton@cftc.gov

Nora Flood
Chief Counsel, Division of Market Oversight
Commodity Futures Trading Commission
Three Lafayette Centre, 1155 21st Street NW,
Washington, DC 20581
Phone:202 418-6059
Email: nflood@cftc.gov