Publication
Building long-term integrity in the voluntary carbon market
In recent years, an important question has arisen in relation to the voluntary carbon market (VCM) as it continues to expand: How do we elevate and maintain its integrity?
Canada | Publication | July 8, 2020
Further to the commitment of Canadian Securities Administrators (the CSA) to reducing regulatory burden, more flexibility was recently introduced regarding chief compliance officer (CCO) arrangements in order to better align with firms’ operational needs and business models (the new arrangements).
The new arrangements permit registrants to utilize three new CCO models:
The guidance published by the CSA regarding the new arrangements pivots away from a one-size-fits-all approach and is aimed instead at meeting the needs of small firms, specialized firms, and firms with multiple lines of business.
In order to rely on a branch of the new arrangements and implement a new model, firms are required to demonstrate the appropriateness of it for their business and ensure that individuals applying to be a CCO meet registration requirements. Firms must also apply for exemptive relief before implementing any of these models. Such applications will be reviewed by CSA staff on a case-by-case basis to ensure that applicable requirements are met.
The CSA has also indicated that it is interested in hearing from registrants if they:
Publication
In recent years, an important question has arisen in relation to the voluntary carbon market (VCM) as it continues to expand: How do we elevate and maintain its integrity?
Publication
On 16 April 2024, the Hon Tanya Plibersek MP, the Minister for the Environment and Water (the Minister) announced progress on the package of reforms to the Environment Protection and Biodiversity Conservation Act 1999 (Cth) (EPBC Act).
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