This white paper reports on the information collected and reviewed by the Markets Committee on market oversight approaches and issues.  This information is presented in this paper as follows:

• Section 2 presents the revised principles being used to guide the development of the market oversight recommendations.
• Section 3 summarizes background information, including an overview of cap-and-trade, market architecture and oversight, and existing market models.
• Section 4 describes oversight of existing markets in the U.S., Canada, and Europe.
• Section 5 identifies recent U.S. federal proposals related to carbon market oversight.

The paper concludes with a brief list of key decisions that are under consideration.