Washington, DC — The Commodity Futures Trading Commission (CFTC) has approved for publication in the Federal Register a Notice and Request for Comment that is expected to assist in the formulating of recommendations for the oversight of existing and prospective carbon markets.
Section 750 of the Dodd-Frank Wall Street Reform and Consumer Protection Act establishes an interagency working group headed by the CFTC to conduct a study on the oversight of existing and prospective carbon markets to ensure an efficient, secure and transparent carbon market, including oversight of spot markets and derivative markets.
The members of the interagency group are the Chairman of the CFTC, the Secretary of Agriculture, the Secretary of the Treasury, the Chairman of the Securities and Exchange Commission, the Administrator of the Environmental Protection Agency, the Chairman of the Federal Energy Regulatory Commission, the Chairman of the Federal Trade Commission and the Administrator of the Energy Information Administration, or their designees. In conducting the study, the Dodd-Frank Act directs the interagency group to consult, as appropriate, with representatives of exchanges, clearing houses, self-regulatory bodies, major carbon market participants, consumers and the general public.
Comments must be received on or before 21 days after publication in the Federal Register.