Commodities regulatory body FMC finally amalgamates with SEBI

Commodities regulatory body FMC finally amalgamates with SEBI

FMC and SEBI - News Update 29th September 2015

In the first ever merger of two regulators, the Forward Markets Commission (FMC), which is an over 60-year-old commodities regulatory body, on Monday merged with capital markets watchdog Securities and Exchange Board of India (Sebi) with Finance Minister Arun Jaitley ringing the customary stock market bell to formalise the amalgamation.
Sebi Chairman U K Sinha said that the commodities market entities would get a timeframe of up to one year to adjust to the new regulations as they would have to follow the same norms that are applicable to their peers in the equity segment.
“In order to ensure that nothing is disrupted, there is no discontinuity… We are giving some timeframe so that they can adjust with the new regulations,” Mr Sinha said. Read More

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