SEBI approves commodities market norms; to merge FMC from Sept 28

Last Updated: Monday, August 24, 2015, 19:36

Setting September 28 as the date for merger of Forward Markets Commission (FMC) with itself, SEBI Monday announced new norms for commodities derivatives market under which exchanges and brokers in this segment will need to comply with rules applicable to their stock market peers.

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

Last Updated: Thursday, July 23, 2015, 18:42

The merger process of the Forward Markets Commission (FMC) with SEBI will be completed by September this year, said U K Sinha, chairman of the capital market regulator.

NBFCs can refer to price on bourses for lending against gold

Last Updated: Thursday, May 21, 2015, 20:27

The Reserve Bank on Thursday allowed Non-Banking Financial Companies (NBFCs) to use gold price at commodity exchange to determine the value of the metal for purpose of advancing loans against it.

Commexes' turnover rises 17% to Rs 5.43 lakh crore in April

Last Updated: Wednesday, May 20, 2015, 18:46

The turnover of commodity bourses rose by 17 percent to Rs 5.43 lakh crore in April of 2015-16 fiscal as compared to Rs 4.64 lakh crore in the year-ago period, according to the Forward Markets Commission (FMC).

BSE seeks clarification from MCX on CBI probe reports

Last Updated: Monday, May 4, 2015, 14:30

The discreet inquiry could be turned into a regular case if the agency found prima facie evidence of any alleged irregularities.

CBI looking into role of regulator in MCX IPO

Last Updated: Monday, May 4, 2015, 11:15

The sources said CBI is looking into the role of regulator FMC which has given some exemptions to the MCX before bringing its IPO.

Ramesh Abhishek gets three-month extension as FMC chairman

Last Updated: Tuesday, April 14, 2015, 16:09

Senior IAS officer Ramesh Abhishek was Tuesday given a three-month extension as the chairman of the Forward Markets Commission (FMC).

Commexes' turnover dips by 39% in FY'15 due to CTT

Last Updated: Thursday, April 9, 2015, 16:27

The turnover of Indian commodity exchanges dropped 39 percent to Rs 61.68 lakh crore last fiscal due to higher transaction costs and decline in prices of bullion and metals.

Commexes' turnover drops 41% till March 15 of FY15

Last Updated: Sunday, March 29, 2015, 11:07

Much of the fall in turnover was seen in bullion, followed by energy, farm and metals items in the said period, as per commodity markets regulator FMC.

Upload KYC details of new clients to registering agencies: FMC

Last Updated: Sunday, March 15, 2015, 11:12

It has also been made mandatory for members to carry out in-person verification of all new clients.

IPFs of commodity bourses not to have FMC official as trustee

Last Updated: Monday, February 23, 2015, 12:36

An IPF, registered as a trust, is created to protect the interests of clients of trading members of an exchange who may have been declared defaulters or expelled under the provisions of the bourse.

BSE to start its commodity exchange by next fiscal: BSE CMD

Last Updated: Monday, February 9, 2015, 01:28

The Bombay Stock Exchange plans to start its own commodity exchange by next fiscal year, BSE's Chief Executive Officer and Managing Director Ashishkumar Chauhan has said.