India supervisor turns its attention to commodity brokers
The incorporation of the commodity futures regulator, FMC, into Sebi gives new powers to strengthen commodities regulation in India
India's securities regulator plans to pay particular attention to the role of brokers in the country's commodity markets following its assumption of responsibility for regulation of the commodities sector on September 28.
Commodities regulation is the remit of the Forward Markets Commission (FMC), which operates under the auspices of the Ministry of Finance. Originally, the Ministry of Food oversaw the FMC, but it relinquished responsibility in September 2013 after a scandal that saw National
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