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Merger of Forward Markets Commission with SEBI formalised - (28 Sep 2015)

MANU/PIBU/1301/2015

Union Finance Minister formalised the merger of the Forward Markets Commission (FMC) with the Securities and Exchange Board of India (SEBI). The merger, long in the offing, comes as both commodity derivatives and security derivatives have similar economic purposes of hedging, efficient price discovery and risk management and resemble closely in their trade practices and mechanisms. Over the last several weeks employees of the FMC have been shifted to SEBI or within the employ of the government.

Relevant : Finance Minister unveils merger of FMC with SEBI MANU/SPRL/0241/2015

Tags : FMC SEBI MERGER

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