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EPA, CFTC agree to share data

Joe Mont | March 22, 2016

The Commodity Futures Trading Commission and the Environmental Protection Agency have entered into a Memorandum of Understanding that allows the agencies to share Renewable Fuel Standard (RFS) data and analysis, including proprietary business information.

Sharing this information, the agreement says, will allow the CFTC to review and analyze data as it advises the EPA on potential investigations into  fraud and market  abuses related  to  the  generation  of,  and  trading  in, Renewable Identification Numbers (RINS), biofuel credits issued to renewable fuels subject to the EPA’s regulation or oversight. The CFTC will also use the information to assist the EPA with its statutory functions under Clean Air Act and offer techniques for minimizing fraud. Reviewing information on the RIN and renewable fuels markets provided by EPA will also increase the CFTC’s understanding of...

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