15.12.2009 - FMC plans uniform net worth criteria
From Indiatimes.com: Commodity futures market regulator Forward Markets Commission (FMC) may stipulate uniform net worth criteria for members trading on behalf of clients and carrying out proprietary trades across national-level commodity bourses. Brokers and exchange officials stress the importance of putting in place a benchmark in terms of net worth share capital plus free reserves for those who provide broking services as these entities are perceived to be extended arms of the bourses and any default by a member carries potential reputation risk for the latter.....................................Full Article: Source
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