Fmc-sebi Merger

With the Securities and Exchange Board of India (Sebi) in charge of the commodity market, investors are getting their confidence back as the turnover of commodity exchanges grew 9 per cent to Rs 67 lakh crore in 2015-16.

India's commodity derivatives market is likely to end the year 2015 with a modest turnover growth but hopes are high for a rebound in 2016 with expectations of new products and new investors being allowed in the new regulatory regime.

With the commodity derivatives coming under the Securities and Exchange Board of India's jurisdiction, Finance Minister Arun Jaitley on Monday said the capital market regulator must ensure that manipulative activities are curbed in this market and expressed confidence that National Spot Exchange Ltd-like problems would be dealt with effectively.

Foreign portfolio investors (FPIs) will be allowed to trade in commodities futures markets, Securities and Exchange Board of India (Sebi) Chairman U K Sinha said on Monday, without providing a specific timeline.

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.

The proposed merger of the Forward markets Commission (FMC) with the Securities and Exchange Board of India (Sebi) to create a unified market regulator has sounded a death knell for the illicit 'dabba trading', estimated to have a turnover of up to Rs 1 lakh crore a day.

With the Securities and Exchange Board of India (Sebi) in charge of the commodity market, investors are getting their confidence back as the turnover of commodity exchanges grew 9 per cent to Rs 67 lakh crore in 2015-16.

India's commodity derivatives market is likely to end the year 2015 with a modest turnover growth but hopes are high for a rebound in 2016 with expectations of new products and new investors being allowed in the new regulatory regime.

With the commodity derivatives coming under the Securities and Exchange Board of India's jurisdiction, Finance Minister Arun Jaitley on Monday said the capital market regulator must ensure that manipulative activities are curbed in this market and expressed confidence that National Spot Exchange Ltd-like problems would be dealt with effectively.

Foreign portfolio investors (FPIs) will be allowed to trade in commodities futures markets, Securities and Exchange Board of India (Sebi) Chairman U K Sinha said on Monday, without providing a specific timeline.

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.

The proposed merger of the Forward markets Commission (FMC) with the Securities and Exchange Board of India (Sebi) to create a unified market regulator has sounded a death knell for the illicit 'dabba trading', estimated to have a turnover of up to Rs 1 lakh crore a day.