Stakeholders
Governments and Regulatory Agencies
CRT is a voluntary professional initiative, not a regulator. This page explains how CRT's voluntary standards framework relates to the regulatory environment, and how government bodies and trade agencies can engage with the initiative.
What CRT offers this group
Governments and regulatory bodies have an interest in the integrity of commodity markets for multiple reasons: commodity fraud affects taxpayers through illicit flows and trade-finance losses; sanctions evasion through commodity trade channels is an active compliance challenge; and the professionalisation of commodity trade supports the quality of trade that passes through ports, exchanges and financial systems.
CRT operates as a voluntary body. We complement, not compete with, regulatory frameworks. Our standards cover professional conduct and competence — not legal permissions to trade. CRT membership does not grant regulatory approval in any jurisdiction. But a market in which traders are voluntarily held to independently assessed professional standards is a market that should be of interest to governments working to improve trade integrity.
Programme model
Potential engagement routes for government bodies and agencies:
- Trade promotion: Government trade promotion agencies that facilitate connections between buyers and sellers may find CRT verification useful as a quality signal for the businesses they introduce
- Export credit: Export credit agencies considering the professional quality of traders they support may find CRT credentials a relevant input
- Standards consultation: Government bodies are welcome to participate in CRT's public consultations on proposed standards, in their capacity as stakeholders in trade integrity
- Regulatory dialogue: CRT is willing to engage in dialogue with regulators who have an interest in the market conduct dimension of commodity trading, particularly where voluntary standards may complement regulatory objectives
CRT is not a regulatory body
- CRT has no statutory authority and cannot grant regulatory permissions or approvals.
- CRT membership and certification do not affect a trader's regulatory obligations in any jurisdiction.
- CRT is a founding-stage voluntary initiative. Its standards are proposed, not yet finalised or independently reviewed.
Engage with CRT as a government body or agency
We welcome dialogue with government bodies and regulatory agencies interested in commodity trade integrity.