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India: FMC mulls monitoring body for future contracts

Posted on 13 April 2012

The Forward Markets Commission (FMC), the commodity derivatives market regulator, is contemplating a 12-15 member monitoring body for each agri commodity currently traded on the futures platform.
The body would comprise a member of FMC and one from each national commodity exchange, while the remaining members are proposed to be nominated by the regulator from the industry, including trade associations, producer and consumer sectors………………………………………..Full Article: Source

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