Government today notified the merger of commodities market regulator Forward Markets Commission (FMC) with SEBI with effect from 28th of this month. An official press release said, Finance Minister Arun Jaitley, in his Budget speech, had announced the merger of FMC with the capital market regulator SEBI to strengthen the regulation of commodity futures market.
A unified regulator for commodities and capital markets will help streamline monitoring of commodity futures trading and curb wild speculations.