Author:Rebecca Gutierrez

1
CFTC Proposes Highly Anticipated Guidance on Voluntary Carbon Credit Derivatives
2
Europe: Significant Expansion to Corporate Criminal Liability in the United Kingdom

CFTC Proposes Highly Anticipated Guidance on Voluntary Carbon Credit Derivatives

By: Cheryl Isaac and Wiley Cole

On 4 December 2023, the Commodity Futures Trading Commission (CFTC) proposed guidance on the listing of voluntary carbon credit (VCC) derivative contracts. The proposal outlines how designated contract markets (DCMs), which are CFTC-registered derivatives exchanges, may list VCC derivative contracts while complying with statutory “Core Principles” set forth in the Commodity Exchange Act (CEA) and applicable CFTC rules and regulations.

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Europe: Significant Expansion to Corporate Criminal Liability in the United Kingdom

By: Dylan Moses, Michael Ruck, Rosie Naylor and Joseph Skilton

Under the new UK Economic Crime and Corporate Transparency Act 2023, organisations that are bodies corporate or partnerships will become criminally liable for the economic crimes of their senior managers. They will also have a new liability (albeit subject to an important defence) for failure to prevent their employees and associates from committing fraud. 

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