| The merger of erstwhile commodities regulator Forward Markets Commission (FMC) with the Securities and Exchange Board of India ( Sebi) was a landmark change in the regulatory sphere over the past two years, which also marked a beginning in the direction of forming a unified financial regulator.
Regulators in India's capital markets have been the direct outcome of scams, which were the result of loopholes and the lack of an authority to enforce rules...............................................Full Article: Source
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