27.04.2016 - Indian regulator mulls single licence for equity, commodity brokers
Markets regulator Sebi plans to introduce single license mechanism for equity and commodity brokers. The issue was discussed last week when Sebi chairman U K Sinha met domestic brokers. The proposed move is expected to reduce financial burden on brokers and would also help investors access equity and commodity markets through a single demat account, market participants said. The proposal comes within a year since commodity market regulator Forward Markets Commission (FMC) was merged with the Securities and Exchange Board of India (Sebi)...............................................Full Article: Source
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