04.05.2011 - FMC vs SEBI: Who will regulate silver ETFs in India?
The forward markets commission has once again approached the finance ministry and the law ministry to look into who has jurisdiction over commodity exchange traded funds, reports Mitra Joshi and Kritika Saxena of CNBC-TV18. Silver prices have surged this year, almost doubling to Rs 67,000 per kilogram in five months and this has asset management companies jumping to launch Silver Exchange Traded Funds. But the question is: who will regulate these products? The FSDC has been asked to take a call..............................................Full Article: Source
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