The CFTC, through its sole commissioner, said new amendments are needed “to increase the detail and specificity of the existing regulations in order to mitigate potential risks.”
CFTC Regulation Part 38
In three days the CFTC withdrew three rules, citing duplication and confusion while leaving core obligations intact.
It is hoped that this Final Guidance will encourage the trading of VCCs and VCC-linked derivatives which in turn will help offset carbon emissions.
CFTC alleges company’s failure to disclose certain trader incentives to the CFTC, the public, and its own compliance staff, led to the violation.