Forward Markets Commission

NSEL: Spl court confirms attachment of over Rs 566cr assets

A special court here has confirmed an Enforcement Directorate order to attach over Rs 566 crore assets in connection with its money laundering probe in the NSEL case.

One year of FMC-SEBI merger, market awaits roadmap on growth

The Forward Markets Commission (FMC) and Securities and Exchange Board of India (SEBI) merger completes one year today. As SEBI works on strengthening the core of commodity markets, the market awaits the roadmap on growth.

Sebi provides clarity on norms for comm derivatives bourses

"All commodity derivatives exchanges shall continue to levy penalties they are currently levying and any revision thereof shall be decided in consultation with Sebi," the circular said.

Sebi allows Commex to modify futures contract specifications

The facility is subject to the condition that bourses would invariably inform the market participants and the regulator well in advance before introduction of any modification in contract specifications along with reasons for the same.

Sebi chief bats for deeper commodity markets, seeks inputs

Regulator Sebi today sought inputs from market intermediaries trading in commodity derivatives on new products as well as widening the markets by bringing in more participants such as foreign investors.

Sebi keeping close eye on pulses, role of traders: UK Sinha

Amid soaring prices of pulses, Sebi Chairman U K Sinha today said the regulator is closely working with the government and is looking if the traders raided for hoarding have any connection with the commodity markets.

BSE shelves plans for commodity bourse

Stock exchange BSE has dropped its plan to set up a separate commodity bourse and instead has sought regulator Sebi's approval to start a separate segment on its platform for trading in commodities.

What will be the impact of FMC-Sebi merger?

SEBI regulations do not allow brokers to undertake any other activity. Currently, many brokers undertake merchant activities in gold, metals and agri commodities. Commodity exchanges have sought relaxation of these rules for brokers

Need to build new warehouses to curb price swings: FMC

On combating price swings, last chairman of FMC Ramesh Abhishek believes there is a need to build new warehousing facilities. He says one of the biggest hurdles has been the lack of transparency in the physical market

'Sebi may see more investor complaints after FMC merger'

The study also observed that "good news" about the capital market regulator's performance in securities dispute resolution is not getting across the market.

SEBI to retain 23 members from FMC

FMC comprises of total 41 permanent members. From this, 15 officials will join SEBI as permanent members and another eight will join for a term of two years.

Commexes turnover rises 13.55% till Aug 15

The exchanges had clocked a business of Rs 22.40 lakh crore in the same period last year, commodity markets regulator Forward Markets Commission said in a statement. Much of the volumes were generated in energy items like crude oil, followed by metals and agricultural commodities.

Sebi allows commodities mkt norms; to merge FMC from Sep 28

The new regulations will also come into force on September 28, the date from which Sebi would begin regulating the commodity derivatives market as a unified regulator.

Sebi-FMC merger process to be complete by Sept: Sinha

"The merger process between Sebi and FMC will be completed by September this year," UK Sinha said at a seminar organised by Bharat Chamber of Commerce here on Thursday.

FMC pulls out 4 commodities from evening list; timings cut

Accordingly, the facility of the evening trade will be available only for the remaining six internationally-linked agricultural commodities: soya oil, soyameal, crude palm oil, cotton, kapas and sugar. The Commission added that trade timings are reduced from 11-11.35 pm to 9-9.30 pm during US daylight saving period.

Sebi begins groundwork to merge FMC with self

Commodity department officers will be reporting to market regulation department executive director (ED) SV Murali Dhar Rao.

CBI looking into role of regulator in MCX IPO

The discreet inquiry could be turned into a regular case if the agency found prima facie evidence of any alleged irregularities. The sources said CBI is looking into the role of regulator FMC which has given some exemptions to the MCX before bringing its IPO.

Commexes' turnover drops 41% till March 15 of FY15

The turnover of commodity exchanges fell by 41 percent to Rs 58.68 lakh crore till March 15 of 2014-15 on sharp fall in trading volumes in bullion and other commodities, according to Forward Markets Commission (FMC).

NSEL accuses its brokers of hiding their clients' details

The exchange said so far it has received details of only 3,600 investors against a 13,000 who claim to have lost around Rs 5,600 crore in the scam.

NSEL: ED attaches Rs 278 cr oil factory in Gujarat

"The estimated value of the attached oil plant is Rs 278.18 crore and attachment notices were served today to the firm after orders in this regard were made on March 10 under the provisions of the Prevention of Money Laundering Act (PMLA)," ED officials said.