FinMin notifies SEBI - FMC merger from September 28
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The government on Wednesday said that it has notified the merger of commodities regulator Forward Market Commission with the Securities and Exchange Board of India (Sebi).
Starting September 28, Sebi would also regulate commodity derivatives market. “A notification to this effect was issued on 28th August, 2015.
As a result, FCRA,1952 gets repealed and regulation of commodity derivatives market will shift to Sebi under Securities Contracts Regulation Act (SCRA) 1956 with effect from 28th September, 2015,” said a finance ministry statement. Finance minister Arun Jaitley had 2015 Budget announced the merger of FMC with Sebi. (Indian Express)
Starting September 28, Sebi would also regulate commodity derivatives market. “A notification to this effect was issued on 28th August, 2015.
As a result, FCRA,1952 gets repealed and regulation of commodity derivatives market will shift to Sebi under Securities Contracts Regulation Act (SCRA) 1956 with effect from 28th September, 2015,” said a finance ministry statement. Finance minister Arun Jaitley had 2015 Budget announced the merger of FMC with Sebi. (Indian Express)
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